Apr 20

Loudoun Announces Financing Opportunity for First-Time Homebuyers

Posted on April 20, 2023 at 1:37 PM by Nancy McCormick

Loudoun County is accepting 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:

  • Have an annual household income maximum of:
    • $162,000 for a household of two or fewer people ($129,600 if using a VH Down Payment Assistance or Closing Cost Assistance Grant). 
    • $189,000 for a household of three or more people ($151,200 if using a VH Down Payment Assistance or Closing Cost Assistance Grant).
  • Be a first-time homebuyer, which is defined as someone having had no ownership interest in real property in the past three years.
  • Currently live and/or work in Loudoun County for a minimum of six months immediately prior to submission of the application.
  • Purchase a new or existing home for $665,000 or less, located in Loudoun County.
  • Receive a mortgage loan from a VH-approved lender participating in VH mortgage loan program.

Homebuyers do not have to participate in Loudoun County’s homeownership programs to use this VH program. Program participation is subject to availability and approval. 

For full program information and eligibility requirements, visit loudoun.gov/HomeLoanPrograms or call the Loudoun County Department of Housing and Community Development at 703-737-8323.

# # #

Mar 14

‘Fair Housing for People with Disabilities’ Training Offered April 11 in Loudoun

Posted on March 14, 2023 at 10:10 AM by Nancy McCormick

In recognition of April as Fair Housing Month, the Loudoun County Disability Services Board will sponsor a virtual training, “Fair Housing for People with Disabilities,” Tuesday, April 11, 2023, 1:00 - 4:00 p.m. The training may be of particular interest to developers, builders, real estate agents, leasing agents, landlords, mortgage companies, homeowners’ associations, housing providers, nonprofit organizations and government employees. 

The training will be conducted by a Fair Housing training specialist from the Virginia Fair Housing Office. The session meets the requirements for real estate continuing education and fair housing certification. 

Topics to be covered include:

  • Accessibility in Construction.
  • Exemptions in the Virginia Fair Housing Law.
  • Group Homes.
  • History of the Virginia Fair Housing Law.
  • Protected Classes.
  • Restrictive Covenants and Retaliation.
  • Unlawful Discriminatory Housing Practices.
  • Updates on Fair Housing.

Virginia's Fair Housing law makes it illegal to discriminate in residential housing on the basis of race, color, religion, national origin, sex, age, family status or disability.

The Fair Housing training is free and open to the general public; however, advanced registration is required

For more information or to request a reasonable accommodation for any type of disability or language assistance in order to participate in this training, email the Office of Public Affairs and Communications or call 703-777-0113. Three days’ notice is requested.

# # #

Mar 14

Loudoun Hosts Northern Virginia Housing Expo April 1

Posted on March 14, 2023 at 10:10 AM by Nancy McCormick

Loudoun County is hosting the 13th annual Northern Virginia Housing Expo on Saturday, April 1, 2023, from 10:00 a.m. to 3:00 p.m. at Dominion High School, 21326 Augusta Drive in Sterling. 

Anyone looking for an affordable place to live in Northern Virginia is encouraged to visit the expo, which will showcase both homeownership and rental opportunities and resources throughout the region. 

The event will feature workshops, an exhibit hall and free one-on-one financial coaching sessions. Staff from the Loudoun County Department of Housing and Community Development will participate in two panels to share information on Loudoun County programs for renters and homebuyers. Other workshop topics include credit scores, fair housing, household budgeting and a home sale market overview. 

The expo is a cooperative effort of Arlington, Fairfax, Loudoun and Prince William counties; the cities of Alexandria, Falls Church and Manassas Park; Virginia Housing; the U.S. Department of Housing and Urban Development (District of Columbia/National Capital Area Office); Northern Virginia Association of Realtors®; and the Metropolitan Washington Council of Governments.

Details about the event as well as a year-round virtual exhibit hall are available at novahousingexpo.org. Additional resources for homebuyers and renters in Loudoun County are available at loudoun.gov/housing.

Anyone who needs to request language interpretation or accommodations for any type of disability in order to participate in this event should contact the Department of Housing and Community Development at 703-737-8323 or by email. Five days’ notice is requested. 

# # #