Posted on June 2, 2022 at 2:34 PM by Nancy McCormick
During June — Homeownership Month — the Loudoun County Department of Housing & Community Development and its community partners will host three virtual events at no cost for people interested in learning more about owning a home in Loudoun County.
These workshops will provide information on Loudoun County homebuyer programs, financial literacy and a general housing market update.
Registration is required for the workshops. For detailed information about each event and to register, and for more information about Loudoun County’s housing programs, visit loudoun.gov/housing.
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Posted on June 1, 2022 at 4:40 PM by Nancy McCormick
Loudoun County has issued a Request for Qualifications (RFQ) for the affordable housing financing program for developers launched earlier this year - the Rental Housing Acquisition and Preservation Loan Program (RHAP).
The purpose of RHAP is to preserve affordable, multi-family rental housing units in Loudoun County by making funding available for the acquisition and preservation of rental housing that is either market affordable or affordable through rent restrictions.
Interested developers must submit the required documentation in the RFQ by August 1, 2022 to be considered for certification. For program requirements and guidelines, visit loudoun.gov/multifamilyfinancing.
The RFQ will provide Loudoun County with a pool of certified developers. Only certified developers will be eligible to submit proposals to RHAP for loan consideration. Project applications will be required to meet county priorities for the program. Once approved by the Board of Supervisors, developers will remain certified for 12 months. Pre-qualification opportunities will be issued annually.
For questions or more information about RHAP, email Housing Finance and Development Administrator Rebekah King or visit loudoun.gov/multifamilyfinancing.
Posted on April 13, 2022 at 2:10 PM by Nancy McCormick
Loudoun County continues to accept applications from first-time homebuyers for funds made available through the Virginia Housing (VH) Sponsoring Partnerships and Revitalizing Communities Program (SPARC). The program provides lower interest rates on homeownership loans in Loudoun County.
To qualify for the program, the prospective homebuyer must meet the following criteria:
SPARC is open to all prospective homebuyers that meet the program’s criteria and not limited to those participating in Loudoun County’s Affordable Dwelling Unit program. For full program information and eligibility requirements, visit loudoun.gov/HomeLoanPrograms or contact Hannah Choi by email or 571-258-3814. Program participation is subject to availability and approval.