Federally Funded Programs | Richmond VA, Economic and Community Development

Federally Funded Programs

Federally Funded Programs

Richmond: Virginia's Vibrant Capital

The City of Richmond leverages federal fund resources to help revitalize targeted neighborhoods and commercial corridors through specific programs including the Community Block Grant program (CDBG), Neighborhoods in Bloom (NiB), Neighborhood Stabilization Program (NSP) and the Home Investment Partnership Program (HOME). With the use of these resources, the City also implements the requirements of Section 3. Click on the below sections below to learn more about each program and the projects underway.

Community Development Block Grant Program (CDBG)

In FY2012-2013, ECD administered over $30 million in CDBG funds, allocating those monies to affordable housing projects in specific neighborhoods including Church Hill North, Blackwell and Highland Park. Learn more.

Neighborhoods in Bloom (NiB) Program

As the recipient of the U.S. Department of Housing & Urban Development' Secretary's Opportunity and Empowerment Award, ECD works with nonprofit developers to buy, rehabilitate and sell vacant houses from homeownershipin targeted neighborhoods. Learn more.

Neighborhood Stabilization Program (NSP)

With NSP funds, ECD buys foreclosed properties to restore to affordable home ownership and rental opportunities. Learn more.

Home Investment Partnership (HOME) Program

HOME funds are awarded to the City annually to expand the supply of decent affordable housing to low- and extremely low-income households, with an emphasis on homeownership.   Learn more.

 

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City of Richmond
Economic & Community Development

Main Street Station
1500 East Main Street, Suite 400

Richmond, VA 23219
804.646.5633