Community Homeownership Revitalization Program (CHRP) – Provides funding for affordable first mortgages that support a local jurisdiction’s efforts for targeted revitalization and neighborhood stabilization. Allocations must be used to fund permanent home purchase mortgages to qualified VHDA first-time homebuyers.
Rural Housing Areas –
Blue Ridge Housing Network, Inc. received $540,000.00 to be used to provide mortgage loans to support Rural Housing Areas. VHDA will provide 1% below the applicable rate for VHDA’s applicable loan program. This funding is for Page and Shenandoah Counties only.
Neighborhood Revitalization Activities –
Blue Ridge Housing Network, Inc. received $745,000.00 to be used to provide mortgage loans to support Neighborhood Revitalization Areas. VHDA will provide 1% below the applicable rate for VHDA’s applicable loan program. This funding is for Frederick and Warren Counties only.