Virginia Housing and Community Development Corporation

Affordable Housing

Neighborhood revitalization, rehabilitation, and affordable housing template.

Neighborhood Revitalization and Affordable Housing

The goal of the VHCDC Neighborhood Revitalization Initiative (NRI) is to reclaim neighborhoods blighted by deteriorating structures, abandoned properties, and dumping grounds and convert them into stable, vibrant communities with next-generation housing.

The VHCDC NRI Team works directly with neighborhood residents to assess community needs and, in partnership with investors, community impact teams, and service providers, to improve residential properties and infrastructure.

The need for rehabilitation and preservation of single family housing and neighborhoods is well documented in comprehensive plans for local communities. VHCDC uses these plans in selecting communities and neighborhoods where it will acquire and rehabilitate single-family housing assets.

Community rewards

Smart

Smart Design

Smart technology incorporated into housing design and rehabilitation.

HOME

Affordable to Buy and Live In

Rehabilitated properties are intended to remain affordable to purchase and affordable to occupy.

STD

Quality Standards

Standard features are included that are typically optional in many new homes.

SAFE

Safety

Fire-retardant materials support safer housing construction and rehabilitation.

LOW

Efficiency

Low energy consumption supports affordability and long-term sustainability.

Service areas identified by VHCDC include conservation areas in Norfolk and Portsmouth, with case-by-case projects in Chesapeake, Hampton, Isle of Wight, Newport News, and Suffolk.

Support affordable housing

Financial, volunteer, sponsorship, and investment support helps VHCDC revitalize communities across Hampton Roads.