HARRISONBURG, VA (Rocktown Now) – Governor Glenn Youngkin announced this week that over $139 million in Affordable and Special Needs Housing loans will help fund 41 projects across the Commonwealth, including three projects for Harrisonburg.

Over $9.5 million will be earmarked for the Harrisonburg Redevelopment and Housing Authority for the two projects involving the Bluestone Town Center and another $5 million is heading to the Beverly Searles Foundation for the Harrisonburg Family one project.

“Providing accessible and affordable housing for all Virginians is more than a fundamental need—it’s a cornerstone of our state’s prosperity,” said Governor Glenn Youngkin. “When we prioritize housing affordability and availability, we drive economic progress, fortify our communities, and build a stronger, more vibrant Virginia for generations to come.”

The Virginia Housing Trust Fund is provided by the General Assembly and supports financing for housing construction projects that create or preserve affordable housing units, reduce the cost of affordable housing and increase homeownership. This funding is a key source of financing for these affordable housing initiatives to support moderate- and low-income families, as well as supporting homeless reduction grants to provide rapid rehousing and longer-term housing solutions for individuals experiencing chronic homelessness

The recommended projects will create and persevere 2,969 total units for low-income and extremely low-income households.