In a significant development for Harrisonburg, local officials gathered at city hall to discuss a recent announcement from Virginia Housing that promises to reshape the community's housing landscape. The meeting revealed that $1.2 million will be allocated to the Flats at West Market, a new project that will provide 89 units of workforce housing in downtown Harrisonburg. This funding is part of a larger $17 million initiative aimed at addressing workforce housing needs across Virginia.
The excitement in the room was palpable as attendees learned about the project, which is being developed by real estate developer David Rea. While specific details about the types of units were not disclosed, the focus on affordability is clear. The housing units will cater to individuals earning around 20% of the area median income (AMI), making them accessible to those who need it most.
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Subscribe for Free This initiative is not just about providing homes; it is also a strategic move to attract new employers to the area. By ensuring that there is adequate housing for incoming workers, the city aims to bolster its economic development efforts. The conversation highlighted the importance of this project in conjunction with the city’s broader goals of revitalizing downtown and repurposing existing buildings.
The Flats at West Market is a notable example of how Harrisonburg is working to meet the housing demands of its growing workforce. The building, which has a history of various uses, is being transformed once again, showcasing the city’s commitment to sustainable development and community enhancement.
In addition to the housing project, the meeting touched on the Housing Choice Voucher Program, which currently has 768 units under lease. The waiting list for this program has seen a slight decrease, now standing at 2,500 applicants, indicating a slow but steady improvement in housing accessibility.
As the meeting concluded, there was a shared sense of optimism about the future of housing in Harrisonburg. With the support of Virginia Housing and local initiatives, the city is poised to make significant strides in providing affordable living options for its residents. The community will be watching closely as this project unfolds, eager to see the positive impact it will have on the local economy and quality of life.