The first apartments opened in 2007. Valley Supportive Housing which now has 38 affordable supportive apartments.
The VHTF is coordinated through the state Department of Housing and Community Development. In the current fiscal year, more than $55 million was invested into it by the General Assembly, and Northam has proposed upping that to $70.7 million.
It is designed to finance affordable-housing initiatives supporting low- and moderate-income families, and homeless-reduction grants.
The process for obtaining VHTF financing is competitive. According to Northam's office, 43 applications were received for this round of funding.
Funding was also granted to programs in Petersburg, Richmond, Newport News and Northern Virginia, among others.