City Accepting Applications for Workforce Housing Program

Housing & Neighborhood Preservation Offering How-to-Apply Workshops

Friday, June 03, 2011

The Department of Housing & Neighborhood Preservation is accepting applications to determine eligibility for its Workforce Housing Program. Eligible applicants will be placed on a waiting list for the opportunity to purchase a workforce housing unit. The application package for buyers is available at www.vbgov.com/housing. Completed applications must be returned by 5 p.m. Aug. 1 to the department, 2424 Courthouse Dr., Building 18A, Virginia Beach, VA 23456.

 

To be eligible, households must live or work full-time in Virginia Beach, cannot own other real estate, and must meet income and asset restrictions. Households must be able to pre-qualify for a first mortgage in the low $200,000 range.

 

Interested households are encouraged to attend one of the department’s how-to-apply 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 also learn how the Workforce Housing Program works. To attend, register with Cheryl Smith at (757) 385-5742 or csmith@vbgov.com. Space is limited.

 

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.

 

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.

 

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