HARRISONBURG, VA (Rocktown Now) – Governor Glenn Youngkin today in Harrisonburg announced more than $16.9 million in funding for the Virginia Workforce Housing Investment Program to support workforce housing development in 10 localities across the Commonwealth to create 740 workforce housing units. In total, the projects will leverage over $254 million in private investment. 

During his speech, Youngkin said that over the past 3 years, there have been 100 billion dollars of investment commitments for companies to expand in Virginia. In turn, expansion brings jobs. According to Youngkin, this builds an ecosystem.

“The challenge that we have is in order to create that ecosystem, we have to reflect on the fact that we need lots of ingredients,” said Youngkin. “One of those ingredients is a place to actually build. We need sites.”

According to a press release, Virginia Housing administers the Workforce Housing Investment Program, which aims to increase the workforce housing supply in areas that have new or expanding businesses. 

“And so today, we are standing here in this hub of innovation celebrating innovation in housing,” said Youngkin.

Under the governor’s direction, the Virginia Economic Development Partnership and the Department of Housing and Community Development are coordinating with Virginia Housing to ensure business site investment decisions include nearby localities’ plans to foster housing development and support economic growth.