Vibrant Community Initiative (VCI) (Virginia)

 
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    CFDA#

    None     		 

    Funder Type

    State Government

    IT Classification

    B - Readily funds technology as part of an award

    Authority

    Virginia Department of Housing and Community Development (DHCD)

    Summary

    The Vibrant Community Initiative (VCI) combines multiple funding sources to support local or regional comprehensive community-based projects including affordable housing and community and/or economic development components. 

    Eligible VCI activities include but are not limited to the following:
    • Affordable Housing - Projects must include affordable housing activities. Preference will also be given to project seeking to provide transit and/or job oriented housing and/or housing with units targeted to individuals with disabilities. Applications must be able to describe how the project will de-concentrate poverty and provide access to opportunities for low income residents. Special consideration will be given to any project which includes universal design and/or green building components. Eligible affordable housing activities include:
      • Homebuyer Direct Assistance, down payment and closing cost assistance (targeting to 80 percent or below AMI)
      • Homebuyer Rehabilitation (targeting 80 percent or below AMI)
      • Homebuyer New Construction (targeting 80 percent or below AMI)
      • Homeowner Rehabilitation (targeting 80 percent of below AMI)
      • Rental Rehabilitation (targeting 60 percent or below AMI)
      • Rental New Construction (targeting 60 percent or below AMI)
    • Economic Development - Applicants are strongly encouraged to address a range of priority community needs, including conditions affecting the economic environment. Project activities which create jobs and business opportunities and/or create better economic conditions through the elimination of slum and blight will receive additional consideration. Eligible economic development activities include:
      • Job Creation/Retention
      • Site Redevelopment
      • Business Readiness
      • Business District Revitalization
    • Community Facilities/Services - Eligible projects may also include activities that provide critical facilities and/or services targeted to low/moderate income households. Eligible community facilities/services activities include:
      • Water/Sewer
      • Health Clinics
      • Workforce Development Centers
      • Daycare Centers (associated with employment)
    A comprehensive project is a project that includes a range of activities such as neighborhood revitalization, downtown redevelopment, homeowner rehabilitation, down payment assistance, rental project development, water/sewer, and/or other infrastructure.
     

    History of Funding

    None is available. 

    Additional Information

    Proposals that leverage other federal, state, and local resources will be given priority scoring to the degree that these other funds are leveraged in the project. Leverage may include dedicated local resources that will be used for project planning, coordination, and implementation.

    Contacts

    Lyndsi Austin

    Lyndsi Austin
    Housing Policy
    600 East Main Street, Suite 300
    Richmond, VA 23219
    (804) 371-7122
     

  • Eligibility Details

    Eligible applicants are Virginia units of local government, housing developers (nonprofit and for-profit), housing authorities, and other local and regional housing, community, and/or economic development organizations.

    Deadline Details

    Pre-applications were to be submitted on August 23, 2019. Successful applicants were then invited to submit a full proposal in January 2020. Future solicitations will be announced on the program page as they become available.

    Award Details

    Up to $5,500,000 available in funding for an anticipated 3 projects. The maximum award per project is $3,000,000. Cost sharing/matching of 25% match is required. 

    Related Webcasts Use the links below to view the recorded playback of these webcasts


    • Top 10 Local Grant Programs You Won't Want to Miss in 2015 - Sponsored by Sprint - Playback Available
    • Funding IT Security in Government and Education - Sponsored by VMware - Playback Available
    • Funding Technology-Fueled Innovation in State and Local Government - Sponsored by NetApp and Avnet Technology Solutions - Playback Available

 

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