White House awards Norfolk Redevelopment and Housing Authority $2.5M to lower housing costs in Va.
VIRGINIA (WFXR)– The White House recently announced $325 million in funding from the Choice Neighborhoods Implementation Grant to seven communities across the country to build more homes and revitalize neighborhoods that have been left behind. One community receiving funding includes the Norfolk Redevelopment and Housing Authority (NRHA), which received $2.5 million to help lower housing costs in Virginia.
The awards will redevelop low-income housing with services focused on income, health, and education. Grants may also be used for neighborhood improvements which promotes economic development and increase in private investments.
“We are excited to announce the Choice Neighborhoods funding here in Las Vegas, which marks a transformative step towards uplifting our communities. This funding is not just an investment in buildings and infrastructure – it’s an investment in people,” said United States Department of Housing and Urban Development (HUD) Acting Secretary Adrianne Todman. “By enhancing housing options, this administration remains committed to building neighborhoods where everyone has the chance to thrive.”
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Choice neighborhoods are a critical tool used by the White House to preserve and expand the supply of affordable housing across the nation. The program has led to new businesses, parks, and grocery stores in low-income neighborhoods nationwide, and has increased resident income in most areas as well.
The seven awardees, including the Norfolk Redevelopment and Housing Authority, will collectively invest more than $2.65 billion in additional resources within the Choice Neighborhood area.
“Not only are these awards made in neighborhoods in greatest need, but awardees demonstrate the vision, diligence, and capacity to leverage these funds to expand housing supply and provide vital resources to residents,” said Richard J. Monocchio, HUD’s Principal Deputy Assistant Secretary for Public and Indian Housing.
Founded in 1940, the NRHA is the largest redevelopment and housing authority in Virginia. It is a national leader in real estate development and property management.
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