Community Impact Market Analysis

Notice of Funding Opportunity: Community Impact Grant Market Analysis July 2026 Funding Purpose: REACH Virginia FUNDING OPPORTUNITY: Virginia Housing reinvests a portion of our net revenues into Virginia’s communities through REACH Virginia (Resources Enabling Affordable Community Housing in Virginia). This is a multifaceted resource that Virginia Housing uses to support vital housing initiatives through our Homeownership, Rental and Community Outreach programs. The Community Impact Program assists in the facilitation of projects supporting economic development and affordable housing. Planning Grants support the activities preliminary to affordable housing production in communities. Awards will be granted on a first-come, first-served basis. Requests for funds under the Market Analysis program must fall within one or more of the following project types. Virginia Housing reserves the right to reject funding requested for any applications that are outside the focus areas listed below: Market Analysis funding – Market Analysis requests are eligible to receive up to $20,000 per study. Applicants may request multiple studies in a single request, provide the studies relate to one another and will be completed within the timeframe of the grant.. Eligible project types are as follows (See Handbook for a description of each item): Area Planning Project Planning Market Assessment Policy Study Eligibility Guidelines In order to be eligible for funds under the Market Analysis Grant, organizations must be a non-profit organization, local government, or quasi-governmental organization and: Be physically located in Virginia. Have at minimum three years of operations. Carry out at least one of the following housing-related focuses: Creating economically integrated and inclusive housing opportunities including housing options for people with disabilities. Planning and Community Development to include significant attention to housing planning. Providing services and/or educational opportunities in order to further affordable housing. Align with Virginia Housing’s mission of Helping Virginians Attain Quality, Affordable Housing and align with Virginia Housing’s Strategic Direction . Program Parameters Approved agencies must comply with the Virginia Housing Community Impact Grant Handbook. Click the document below for a detailed explanation of the scope, disbursement, and reporting requirements. Emerging organizations are not eligible. Application approval may take up to 60 days. Funds may not be used to pay for any expenses incurred prior to receiving the grant award and executing a contract with Virginia Housing. Application Process For questions concerning this program or assistance with application submission, contact Matthew Bolster, Strategic Housing Office, at (804) 343-5631 or Matthew.Bolster@VirginiaHousing.com . All applications must be submitted electronically using the Virginia Housing Grants Management System. Proposed Budget The following must be attached to the application: Nonprofit Determination or proof of eligibility if the applicant is not a unit of local government Organizational Chart Prior year’s audited financial statements, or prior year’s reviewed financial statements or two years of financial statements Consultant Documents – State Corporation Commission Certificate of Good Standing, 2 letters of reference, Estimate. Or, for local government, the detailed scope of work, description of selection process, and selection criteria that will be included in the RFP to solicit a qualified consultant Decision Process Funds will be awarded based on an assessment of the organization’s application and the availability of Virginia Housing funds. The selected organization will receive a Grant Award Notification (GAN) and a Grant Agreement if approved for funds under the award. All applicants have the option to submit a request at grants@VirginiaHousing.com for a debriefing within thirty (30) days of approval or denial.