The Department of Housing & Neighborhood Preservation will soon be accepting applications for the opportunity to purchase a workforce housing unit. Interested households are encouraged to attend one of the department’s workshops on June 13, 23 or 29. Each will be 6:30 to 8:30 p.m. at the Meyera E. Oberndorf Central Library, 4100 Virginia Beach Blvd. Attendees will learn how the Workforce Housing Program works, as well as how to apply. To attend, register with Cheryl Smith at (757) 385-5742 or email@example.com. Space is limited.
Eligible applicants will be placed on a waiting list. To be eligible, households must live or work full-time in Virginia Beach, cannot own other real estate, and meet income and asset restrictions. Households must also be able to pre-qualify for a first mortgage in the low $200,000 range.
The department anticipates accepting applications in early June. Sign up to be notified when the application process is open at www.vbgov.com/housing.
On March 8, the City Council approved a rezoning application submitted by Geo Development Corporation for Riverlake, the city’s first development under the Workforce Housing Ordinance. Once completed, the development will consist of 42 single-family homes, seven of which will be sold to eligible buyers through the Workforce Housing Program. The workforce housing units will be nearly indistinguishable from the other units and will be evenly distributed throughout the development.
“The Workforce Housing Program was created to improve affordable housing opportunities for those who live or work in Virginia Beach,” says Cheryl Smith, program coordinator. “Being able to live where you work not only contributes to the quality of life for the individual, but for the community as well.”
For more information about the Workforce Housing Program and the eligibility requirements for homebuyers, contact Cheryl Smith at (757) 385-5742 or visit www.vbgov.com/housing.