In 2020, over 6,000 Virginians experiencing homelessness were reported by service providers statewide. With limited resources for individuals, families, and veterans in a housing crisis, HomeAgain’s comprehensive programs meet a large-scale regional need. Last year, more than 75% of our clients successfully transitioned from homelessness to permanent housing with the support of HomeAgain’s wraparound services.
The Greater Richmond Region faces a significant affordable housing shortage that demands 5,000 to 6,000 new affordable housing units annually over the next 20 years. According to the Partnership for Affordable Housing study, senior individual households make up 27% of cost-burdened households and will grow to 41% (22,073 individuals) of the region’s cost burdened population over the next 15 years. The fallout of the global health and economic crisis, brought on by COVID-19, has rapidly expedited the urgency of housing instability among our most vulnerable older and income constrained adults in the last year.
HomeAgain is currently in the process of trying to purchase a building, known as “The Shenandoah” located at 501 N. Allen Street in Richmond for use as an affordable housing facility for low-income older adults. The facility will provide approximately 69 beds of new truly affordable housing options for the most vulnerable and rapidly growing aging population of individuals needing Rapid Rehousing (RRH) and Permanent Supportive Housing (PSH) options. HomeAgain, and other organization, currently operate programs focused on rehousing these individuals. There is a particular challenge in finding available affordable housing for fixed and limited income seniors, that highlights the need for a dedicated facility focused on housing these individuals.
This project alligns with HomeAgain’s recently awarded $1.3MM state funded expansion of individual Rapid Re-Housing program targeting highly vulnerable individuals, like the ones that would be eligible for housing at The Shenandoah. This project also leverages the unique opportunity of significant CARES Act funding to make a bold investment in addressing a leading issue facing our region. These factors together create a unique collaborative investment opportunity for the government, philanthropic and non-profit communites to put forth a regional solution.
There is a bottleneck in the pipeline for RRH clients right now. Purchasing this building for use as an affordable housing facility will allow the HomeAgain and other local RRH and PSH providers to house many of those people that need permanent stable housing with efficiency and effectiveness.