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.
Blue Ridge Housing Network, Inc. received $2,392,850.00 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 –
VHDA will provide 1% below the applicable rate for VHDA’s applicable loan program. This funding is for Frederick and Warren Counties and the City of Winchester only.