City of Fairfax Affordable Dwelling Unit (ADU) For-Sale Homeownership Program

What is City of Fairfax Affordable Dwelling Unit (ADU) For-Sale Homeownership Program?

City of Fairfax Affordable Dwelling Unit (ADU) For-Sale Homeownership Program is down payment assistance for homebuyers in Fairfax, Virginia, administered by City of Fairfax (Community Development & Planning / Housing).

• The City of Fairfax's Affordable Dwelling Unit (ADU) Program supports mixed-income housing by requiring a portion of new residential units to be designated affordable and sold to income-eligible households at below-market prices. For-sale ADU buyers sign an ADU Program Rider and the City of Fairfax Affordable Dwelling Unit Purchaser's Certificate, and resale during the control period is limited to a controlled price to preserve long-term affordability. The City administers this program separately from Fairfax County's ADU program.
• Below-market purchase price on new units.
• Long-term affordability via controlled resale price.
• Mixed-income, owner-occupied homeownership within the City of Fairfax.
• Funding comes from Mandatory inclusionary-zoning set-aside (developers designate a portion of new residential units as affordable Affordable Dwelling Units).

Do you have to pay it back?

City of Fairfax Affordable Dwelling Unit (ADU) For-Sale Homeownership Program is down payment assistance and is repaid under the terms set by City of Fairfax (Community Development & Planning / Housing).

• Repayment is triggered by Resale during the control period is restricted to a controlled maximum price (resale price limited to original price plus a CPI-Urban-area-index-based increase).
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of Fairfax Affordable Dwelling Unit (ADU) For-Sale Homeownership Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

City of Fairfax Affordable Dwelling Unit (ADU) For-Sale Homeownership Program sets its income limit as follows: Purchase of a for-sale ADU is restricted to income-eligible households below set AMI thresholds. The City of Fairfax ADU zoning page does not publish the exact income-limit table by household size online (obtain from the City's Administrative Regulations / Housing office; the City administers its own ADU program separate from Fairfax County's).

• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

City of Fairfax Affordable Dwelling Unit (ADU) For-Sale Homeownership Program caps the purchase price as follows: ADU sales price is set below market and capped on resale by the controlled-price formula.

• Eligible property types include Single Family, Condo, and Townhouse.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

City of Fairfax Affordable Dwelling Unit (ADU) For-Sale Homeownership Program serves buyers purchasing in Fairfax, Virginia.

How do you apply?

Applications for City of Fairfax Affordable Dwelling Unit (ADU) For-Sale Homeownership Program go through City of Fairfax (Community Development & Planning / Housing), which publishes the current terms and the application steps on its own site.

1. 1

   Contact City of Fairfax (Community Development & Planning / Housing) to reserve funds

   Funds are reserved with the provider and are subject to availability.

2. 2

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.