Community Impact Stabilization & Deconstruction FY27
🏛 Virginia Housing Development Authority
✓ Free, no account · Source: Virginia state grants portal · Last verified Jul 6, 2026
Can you apply?
This grant is for nonprofits and local government agencies in Virginia supporting affordable housing initiatives. Applicants must be physically located in Virginia, have at least three years of operations, and align with Virginia Housing's mission. Organizations must pursue stabilization of vacant blighted properties or deconstruction of buildings to enable affordable housing development in designated revitalization areas.
Stabilization grants fund interim repairs to vacant residential or mixed-use properties. Deconstruction grants support dismantling buildings to develop affordable housing, with projects lasting six months.
Both project types require compliance with the Virginia Housing Community Impact Grant Handbook. Applicants must demonstrate alignment with affordable housing, economic integration, planning and community development, or accessibility for people with disabilities.
Not the right fit? Find grants for your organization in 5 questions →
Program description
Notice of Funding Opportunity: Community Impact Grant – Stabilization and Deconstruction 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 intent of the Stabilization and Deconstruction Grant is to support vacant and deteriorated properties whose poor condition creates a notion of physical and economic blight in the surrounding area, and often is a deterrent to surrounding development. Awards will be granted on a first-come, first-served basis. Grantees must maintain ownership of the property during the period of performance. The proposed budget may not exceed $150,000. Eligibility Guidelines To be eligible for funds under the Stabilization and Deconstruction Community Impact Grant, organizations must be a non-profit organization or local government and: Be physically located in Virginia. Have at minimum three (3) 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. Align with Virginia Housing’s mission of Helping Virginians Attain Quality, Affordable Housing and align with Virginia Housing’s Strategic Direction . Requests for funds under the Stabilization and Deconstruction Community Impact Grant must fall within one 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: Stabilization Grant Requests for funds under the Stabilization Community Impact Grant must be for interim repairs to vacant blighted properties intended for residential or mixed use that are located in a revitalization area. 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. The budget and period of performance for this grant is twenty-four (24) months from grant award. Deconstruction Grant Requests for funds under the Deconstruction Community Impact Grant must be to dismantle buildings in a revitalization area in order to develop affordable housing with the goal of maximizing the reuse potential of the building’s components. 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. Redevelopment plans must indicate that majority of the property will be used for residential units. The budget and period of performance for this grant is six (6) months from grant award. Deconstruction must be initiated within the first ninety (90) days of the award. Application Process All potential applicants are strongly encouraged to meet with Matthew Bolster, Strategic Housing Office, at (804) 343-5631 or Matthew.Bolster@VirginiaHousing.com prior to completing the application. All applications must be submitted electronically using the Virginia Housing Grants Management System. The following must be attached to the application: Three qualified bids for stabilization activities Designation of revitalization area Building exterior and interior photographs Certificate of Appropriateness by Historic Preservation Board (if applicable) Structural Assessment Tax Assessment Redevelopment Plan Additional sources of financial support, including the applicant’s financial contribution Nonprofit Determination or proof of eligibility if the applicant is not a unit of local government Prior year’s audited financial statements, or prior year’s reviewed financial statements or two (2) years of financial statements Contractor documents – Evidence of Licensure and general liability insurance 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.
Who can apply
Eligible applicants
Demographic focus
How to apply
Application links
Key dates & requirements
Required documents
- Three qualified bids for stabilization activities
- Building exterior and interior photographs
- Tax assessment
- Structural assessment
- Revitalization area designation
- Redevelopment plan
- Certificate of Appropriateness (if Historic Preservation Board applicable)
- Nonprofit determination letter or local government proof of eligibility
- Evidence of additional financial support sources
Program contact
- 👤 Matthew Bolster
- 📧 matthew.bolster@virginiahousing.com
- 📞 8043435631
FAQ
Who can apply?
Nonprofits and local government agencies physically located in Virginia with at least three years of operations. Organizations must align with Virginia Housing's affordable housing mission.
What types of projects are funded?
Stabilization grants repair vacant blighted properties in revitalization areas. Deconstruction grants dismantle buildings to enable affordable housing development.
What is the deadline and funding range?
Deadline is October 31, 2026. Awards range from $10,000 to $150,000. Awards are granted on a first-come, first-served basis.
What documents are required?
Applicants must submit three qualified bids, building photos, tax assessment, structural assessment, redevelopment plan, and proof of nonprofit status or local government eligibility.
How long is the project period?
Stabilization projects last 24 months. Deconstruction projects last six months, with deconstruction work starting within 90 days of award.
💡 Tips for applicants
- Contact Matthew Bolster before applying. Pre-application consultation is strongly encouraged and can clarify project eligibility and expectations.
- Designate your revitalization area clearly. Virginia Housing requires this designation; confirm with local planning before submitting.
- Get three competitive bids for stabilization work. Provide detailed, credible bids from licensed contractors to demonstrate cost reasonableness.
- Include a strong redevelopment plan. Show how the project creates affordable housing and aligns with community revitalization goals.
- Prepare property documentation early. Gather building photos, tax assessment, structural assessment, and Historic Preservation Board certificate (if applicable) before submission.
⚠️ Common mistakes
Applicants fail to confirm revitalization area designation before applying. Insufficient or non-competitive bids undermine cost justification. Weak redevelopment plans that don't clearly connect property stabilization or deconstruction to affordable housing development.
Similar grants
- OPEN Community Impact – Community Engagement — Virginia Housing Development Authority
- OPEN Community Impact Market Analysis — Virginia Housing Development Authority
- OPEN Capacity Building Training Grant — Virginia Housing Development Authority
- CLOSED FY27 Housing Counseling & Education (HCE) — Virginia Housing Development Authority
- OPEN Preservation and Reinvestment Initiative for Community Enhancement (PRICE) — Department of Housing and Urban Development