Virginia Housing Grant Funds 1700 West Main Workforce Units
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Description
Danville City Council approved a $2,000,000 Virginia Housing Workforce Housing Investment Program grant to support construction of 182 workforce apartments at 1700 West Main Street. The grant proceeds will capitalize a revolving workforce housing loan fund administered through the Industrial Development Authority for current and future projects.
Contract Details
Contract Amount
$2,000,000
Vendor
VIRGINIA HOUSING
Agency
City of Danville, VA
Contract Type
FINANCIAL_SERVICES
Document Date
May 16, 2026
Contract Term
Continuing until workforce housing loan funds are expended
Renewal Info
Ordinance specifies the appropriation is a continuing appropriation that carries forward until all funds are expended for the stated workforce housing purposes; no fixed end date.
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City of Danville City Council Regular Meeting Agenda May 19 2026
City of Danville City Council Regular Meeting Agenda May 19 2026
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