The HOME Down Payment Assistance Program in the Central Shenandoah Valley region received annual funding to assist approximately eight first-time, low-to-moderate income homebuyers in 2020.
HOME is a flexible gap financing program that provides eligible homebuyers with down-payment and/or closing cost assistance in the form of a forgivable loan. Funds are available on a first-come, first-serve basis. Created to help eligible homebuyers obtain decent, safe, and affordable housing in 1999, this program has helped approximately 250 people in our region grow their personal wealth and equity through homeownership.
HOME funds are made available by the Virginia Department of Housing and Community Development and administered by the Central Shenandoah Planning District Commission (CSPDC). Call the CSPDC or visit their website to learn more about eligibility requirements and how to apply.