The Homeownership Down Payment Assistance Program (HOME) in the Central Shenandoah Valley region received funding to assist approximately eight first-time, low- to moderate-income homebuyers in 2020. The CSPDC partners with lenders and housing providers in the area to identify eligible home-buyers.
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, this program has helped approximately 250 people in our region grow their personal wealth and equity through homeownership.