Tag Archives: Grants

CSPDC Awarded $4.5 Million in SPARC Funds to Support First-Time Homebuyers

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Image of a key in the front door of a house

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.

Recent Flood Mitigation Initiatives in the Region

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July proved to be a busy month for regional flood preparedness efforts, with $652,160 awarded in state funding to regional partners and multiple applications submitted for post-disaster federal funding.

On July 2nd, the Department of Conservation and Recreation (DCR) announced Round 5 awards for the Community Flood Preparedness Fund (CFPF), with three coming to our region:

  • CSPDC received $270,000 to develop a Regional Flood Resilience Plan, with nearly all of our localities participating. This plan will identify and prioritize flood mitigation projects for implementation, ultimately streamlining future grant applications and unlocking additional funding opportunities.
  • City of Waynesboro received $172,160 to update its Stormwater Capital Improvement Plan, building on previous drainage studies to identify and prioritize site-specific stormwater management projects. The plan will also support the city’s Chesapeake Bay water quality requirements.
  • Town of Craigsville received $210,000 to develop a local resilience plan. Through this planning process, the town will gain a more detailed and technical study of flood occurrences and a list of future projects to reduce the impact of flooding.

Several localities in the region have also submitted applications for FEMA’s Hazard Mitigation Grant Program (HMGP) following Hurricane Helene, including:

  • Bath and Highland Counties applied for funds to install a joint enhanced flood monitoring system with 14 real-time stream gauges connecting to West Virginia’s flood warning network, benefiting both local communities and neighboring areas.
  • City of Harrisonburg proposed major upgrades to stormwater infrastructure along the Chicago Avenue and Waterman Drive corridor to address chronic flooding, building damage, and safety hazards for motorists and pedestrians.

Note: Round 6 of the Community Flood Preparedness Fund is expected to open this fall.