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HOME-ARP Production Housing Goals
Estimate the number of affordable rental housing units for qualifying populations that the
PJ will produce or support with its HOME-ARP allocation:
It is estimated the number of affordable rental housing units developed or supported
using HOME-ARP funding will be nine (9). This assumes $1.336M is allocated to the
eligible activity supporting the “development or support of affordable rental housing”.
The maximum purchase price per property is estimated to be $150,000.00.
Describe the specific affordable rental housing production goal that the PJ hopes to
achieve and describe how it will address the PJ’s priority needs:
The City of Newport News has an initial goal to develop or support at least nine (9)
affordable rental housing units. The development or support of the affordable rental
housing units would be based on partnering with a local non-profit whose organization’s
vision is to be a provider of quality, affordable rental housing to end homelessness
existing within the city’s limits.
There will likely never be a sufficient number of affordable rental units created to address
and eliminate homelessness in the Newport News’ community. Our research shows the
number of those homeless or on the verge of homelessness continues to rise. The
estimated nine (9) affordable rental housing units will mean at least nine (9) fewer
individuals and/or families will be on the streets or in a shelter.
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