Richmond has seen expansive growth over the last few years. Since 2020, more than 52,000 people have moved to the area, drawn by its charm, opportunities, and vibrant community. But with that growth comes a major challenge—housing affordability (WRIC).

On August 16, 2022, President Biden enacted landmark legislation known as the Inflation Reduction Act of 2022 (IRA). The IRA earmarks a substantial $369 billion towards incentivizing the adoption of clean energy technologies, specifically targeting the affordable housing sector.

The Department of Housing and Urban Development (HUD) offers various incentives and programs to address housing challenges. Tax Credit programs such as the Low-Income Housing Tax Credit (LIHTC) stand out as crucial mechanisms for developing affordable housing units in the US. While these options are

Dominion Due Diligence Group (D3G) is a full-service real estate due diligence company with an in-house team of experts helping to shape the affordable housing preservation industry by presenting housing solutions to Nonprofit Entities, Public Housing Agencies, Municipalities, Developers, Borrowers, Lenders, Equity Investors, General Contractors,