The City of Richmond announced a new round of funding through its Affordable Housing Trust Fund, making more than $13 million available to support the creation and preservation of affordable housing.

Applications will be accepted on a rolling basis until the funds are fully allocated. 

The announcement comes just over a month after the city awarded $9 million from the fund to support eight housing projects and the city’s Healthy Homes rehabilitation program. 

“Affordable housing takes collaboration, and the AHTF is a valuable tool in fostering the relationship between private and public partners to meet one of our city’s most urgent needs,” Mayor Danny Avula said. “I am hopeful that … we will see new proposals that will advance the affordable housing development Richmonders need and deserve.” 

Nonprofit and for-profit housing developers are encouraged to apply. Program guidelines, application information and a recording of a training and Q&A session from the Department of Housing and Community Development are available on the AHTF webpage. 

“Funding allocations like this are critical to the city’s ability to keep pace with growth while protecting the ability of longtime residents to thrive in their neighborhoods,” said Housing and Community Development Director Merrick Malone. 

Applications will be reviewed competitively based on alignment with the city’s housing priorities, including affordability levels, project readiness and community benefit, according to a news release from the city. 

For more information or to apply, visit go.rva.gov.