Approval provides access to Virginia's $1.48 billion BEAD allocation to close the digital divide

Governor Glenn Youngkin announced today the release of the federally approved Virginia Initial Proposal Volume 2 that will enable Virginia to access its allocation of $1.48 billion through the Broadband Equity, Access, and Deployment (BEAD) program under the National Telecommunications and Information Administration (NTIA) federal Infrastructure Investments and Jobs Act.

Governor Glenn Youngkin today announced more than $41 million in grants through the Virginia Telecommunications Initiative (VATI) for 10 broadband construction projects serving 20 localities throughout Virginia. The VATI program provides targeted funding to extend service to areas that are presently unserved by any broadband provider.  

Funding will support new construction and rehabilitation of 877 affordable and special needs housing units

Governor Glenn Youngkin announced today more than $22 million in Affordable and Special Needs Housing loans for 14 projects across the Commonwealth. The recommended projects will create and preserve 877 total units for low-income and extremely low-income households.  

Grants will create jobs, improve infrastructure and support local businesses in Virginia's Appalachian Region

Governor Glenn Youngkin today announced that he is recommending 13 projects for funding by the Appalachian Regional Commission (ARC), totaling $7.4 million in grants. ARC will finalize approval of these project awards later this year.

Funding will support creating and expanding small businesses, revitalizing downtown districts and filling vacant storefronts

Governor Glenn Youngkin announced today over $690,000 in Virginia Main Street (VMS) and Community Business Launch (CBL) grants for 16 projects across the Commonwealth. The funded projects will revitalize historic commercial districts and create and expand small businesses.  

Funding will support community development financial institutions, small businesses and revitalization projects

Governor Glenn Youngkin announced today $1.3 million in grants for seven projects through the Commonwealth's Capital for Communities Fund (CCCF). The projects will expand lending to communities lacking banking options across the Commonwealth while providing technical assistance to future borrows for business ventures. 

The Virginia Department of Housing and Community Development (DHCD) has developed a draft application for the Department of Housing and Urban Development (HUD)'s Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Grant. The PRICE grant is intended to preserve long-term housing affordability for residents of manufactured housing or manufactured housing communities, to redevelop manufactured housing communities, and to primarily benefit low- and moderate-income (LMI) residents.

Grants will support efforts to create jobs, improve infrastructure, and provide affordable housing

Governor Glenn Youngkin today announced that he is recommending four projects for funding by the Southeast Crescent Regional Commission (SCRC), totaling $1.5 million in grants. SCRC will finalize approval of these project awards later this year. 
 

Funding will support redevelopment projects in port host communities of Newport News and Norfolk 

Governor Glenn Youngkin today announced $1.5 million in Port Host Communities Revitalization Fund (PHCRF) awards for the cities of Newport News and Norfolk. The two grants will redevelop the 39-acre Seafood Industrial Park dock in the city of Newport News and renovate the historic Riverview Theater in the city of Norfolk.  

Investment will support community revitalization, industrial site development, and workforce development