Project-Based Voucher Program
Are You Interested in Living in One of our Partners Apartments?
The Project-Based Voucher Program (PBV) offers rental housing options at specific locations. Assistance is attached to particular rental units, meaning, if you live in a rental unit under the PBV Program and move, the assistance stays with the unit. The SRO is considered a special voucher and not a project based voucher.
Ivy Manor
Originally the historic LaSalle Apartments, built in 1923 during the Beautiful Virginia era. Originally it was the home of local business owners and single, female school teachers. The Ivy Manor apartments provide quality affordable housing for low-income and formerly homeless individuals in the community. The Ivy Manor boasts 41 efficiency, one bedroom units and 1 two bedroom unit. It has on-site case management provided by Range Mental Health. Residents residing in the unit for 12 months become eligible for a Housing Choice Voucher if they decide to move.
Virginia Youth Foyer
The Virginia Youth Foyer provides safe, affordable permanent housing and supportive services for homeless youth in northern St. Louis County. The AEOA Youth Counselor conducts outreach to youth experiencing homelessness and provides intensive case management services to youth participating in the Virginia Youth Foyer project. The Counselor helps young people in the Foyer program achieve the skills necessary to successfully transition into adulthood. The Foyer project serves youth 18-23 who are homeless.
SRO
The AEOA’s Single Room Occupancy (SRO) is located in Eveleth MN in the historic Italian American Club building. The SRO provides safe, decent and affordable housing to low-income, homeless adults.
Partner with the Virginia HRA
Secure Your Rental Income & Build Affordable Futures
The Virginia Housing and Redevelopment Authority (HRA) offers Project-Based Vouchers (PBVs) to developers to secure long-term rental income while expanding affordable housing.
The Virginia HRA invites developers, property owners, and builders to maximize their financial stability while addressing the community’s critical housing needs. By integrating Project-Based Vouchers (PBVs) into your upcoming or existing residential projects, you secure a reliable, long-term revenue stream backed by federal funding.
Why Partner with Virginia HRA?
- Guaranteed Revenue: Secure stable, predictable cash flow with monthly housing assistance payments tied directly to your rental units, minimizing vacancy risks.
- Financing Advantage: A long-term PBV contract strengthens your underwriting, making it easier to secure competitive construction financing, tax credits, and private loans.
- Community Impact: Play a pivotal role in expanding high-quality, accessible housing for local families, seniors, and veterans.
Whether you are planning a new multi-family construction or an acquisition and rehabilitation project, the Virginia HRA is available to discuss how PBVs can be a positive addition to your project. Contact Greg Lee, Rental Assistance Manager at greg@vhra.org.