
Virginia Housing’s Sponsoring Partnerships & Revitalizing Communities (SPARC) Program awarded CSPDC $4.5 million to help first-time homebuyers across the Central Shenandoah Valley. The announcement was shared with local lenders on September 8, 2025. This is the third consecutive year that CSPDC has sponsored the program, and its largest allocation to date.
Through the SPARC program, eligible buyers earning up to 120% of Area Median Income (AMI) receive a 1% reduction on Virginia Housing’s prevailing mortgage interest rates, a benefit that can save families thousands of dollars over the life of their loan. The program also complements CSPDC’s existing First-Time Homebuyer Program, which provides down payment and closing cost assistance to income-qualified households earning up to 80% of AMI.
Due to strong demand, allocations are often fully reserved in a matter of months, with the funds being offered on a first-come, first-served basis. With the previous allocation, the CSPDC was able to assist 11 households in purchasing homes: seven in Rockingham County, three in the City of Harrisonburg, and one in the City of Waynesboro. Each program participant completed a Virginia Housing Homebuyer Education course and received housing counseling from the Southeast Rural Community Assistance Project, Inc. (SERCAP).
“With this year’s allocation, the CSPDC is excited to help even more families achieve homeownership,” said Regional Planner Philippe E. Bone. “Our goal is to assist approximately sixteen buyers across the Central Shenandoah region,”
For more information about the CSPDC’s First-time homebuyer’s program and our other housing initiatives, visit the SPARC Program page on CSPDC Connects.






