Two of the first AWHPG approved projects were Franklin Group communities
January 8, 2026
Franklin Group News
Published Jan. 6, 2026
Ryan Kushner
Editor, SMARTCITIESDIVE
Reference Article
Virginia Beach’s homeless population grew from 311 to 327 in 2025, an increase the city blames in part on a lack of affordable housing options.
With the AWHP grants, based on a model also used in Richmond, Virginia, the city said it hopes to make affordable housing “more feasible” by filling funding gaps.
“This program comes at a crucial time and will make a significant impact on meeting the critical need for more housing that is affordable for seniors and workforce members in our community,” Ruth Hill, director of Housing and Neighborhood Preservation, said in a statement.
The first two approved projects in the program include the Grand Lake Senior Apartments, which will offer 172 units for residents ages 62 and older, roughly half of them for households at or below 50% of the area median income. The other, known as the Silo Apartments, will provide 200 units for households with incomes ranging from 50% to 80% AMI.
Both new developments are by the Franklin Group Companies. Both also required new zoning that was approved for Grand Lake in December 2024 and for Silo Apartments in July.
The Silo Apartments project is also using the city’s Workforce Housing Bonus Density Program, allowing the developer to increase the number of units from 154 to 200.