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Housing Authority reports $9.5M in housing-trust funds and advances on Commerce Village 2
Summary
The agency said it received nearly $9.5 million in housing trust funds plus additional grants and is moving ahead on infrastructure and development steps for multifamily and senior housing and Commerce Village 2.
The Harrisonburg Housing Authority reported one of its largest recent funding advances on March 19: nearly $9.5 million in housing trust funds split between multifamily and senior housing projects, plus a $1 million Federal Home Loan Bank of Atlanta grant and $500,000 in planning funds from Virginia Housing.
Staff said the funds include about $4.5 million for multifamily housing and roughly $5 million for a senior housing project; those awards, together with other grants,…
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