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FINANCIAL_SERVICESAPPROVED

City of Danville City Council Regular Meeting Agenda May 19 2026

Virginia Housing Grant Funds 1700 West Main Workforce Units

$2,000,000City of DanvilleVIRGINIA HOUSINGMay 16, 2026

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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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