Henrico is working to build affordable housing communities. Do you qualify?
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Earlier this year, Henrico County launched a $60 million Affordable Housing Trust, aiming to address the growing need for affordable housing amid rising home prices. The trust is primarily funded by the county’s booming data center sector.
The Affordable Housing Trust is designed to provide grants to both nonprofit and for-profit entities, helping to offset costs associated with residential lots in subdivisions and other developments that comply with program requirements.
On Tuesday, the county announced a pair of townhouse communities, Parkside Townes and Discovery Ridge, will soon be available to first-time homebuyers who meet household income and other program requirements.
According to the county, there will be an estimated 25 units in the Parkside Townes community and five in Discovery Ridge.
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