Town of Blacksburg Adopted Operating Budget FY 2027

HOUSING AND COMMUNITY CONNECTIONS OFFICE (continued)

FY 2024 Actual

FY 2025 Actual

FY 2026 Projected

FY 2027 Adopted

HOUSING AND COMMUNITY CONNECTIONS OFFICE

$547,113 $541,225

HOME Allocation CDBG Allocation

$634,440 $554,576

$550,000 $550,000

$550,000 $550,000

External Funding (All Non-Town CDBG & HOME) Leveraging ratio (External/Allocation) Regional Affordable Units Completed - Rental Homes Regional Affordable Units Completed - Owner-occupied Blacksburg Affordable Units – Under Agreement and in Progress* Other Regional Affordable Units – Under Agreement and in Progress* Town Residents Provided with Essential Services - CDBG Town Residents Provided with Food Assistance - ARPA

$3,674,657

$2,605,000

$16,400,000

$2,500,000

3

2.4

4.6

2.2

0

7

50

106

13

1

31

26

5

55

87

56

64

50

94

84

82

52

50

50

786

969

900

0

* Total affordable units include the total number of affordable units being rehabilitated or constructed as part of a project receiving a local investment of New River Valley HOME, Town of Blacksburg CDBG, and/or ARPA funds. ** Data not previously tracked or included.

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