The City of Alexandria will receive $7.7 million from the Virginia Housing Development Authority (VHDA) for home buyer assistance. The grant will help make home ownership more affordable for individuals who live or work in the City of Alexandria.
Funding is being provided through VHDA’s Sponsoring Partnerships and Revitalizing Communities (SPARC) Program. Households with annual incomes of up to $102,700 for a family of four will benefit most directly.
This is a significant step towards ensuring the continued turn in the housing market while making housing affordable for City workers. For more, click here.