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Habitat for Humanity of the New River Valley Homeownership Program

Habitat for Humanity of the New River Valley · Christiansburg, Virginia

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Income limit

80% AMI

Of area median income; varies by county and household size

What is Habitat for Humanity of the New River Valley Homeownership Program?

Habitat for Humanity of the New River Valley Homeownership Program is a first mortgage for homebuyers in Christiansburg, Virginia, administered by Habitat for Humanity of the New River Valley.

  • Habitat for Humanity of the New River Valley constructs and sells affordable homes (including townhomes) to income-qualified buyers with a zero-interest mortgage and no profit margin. Serves Floyd, Giles, Montgomery, and Pulaski Counties and the City of Radford. Active project: Airport Road Townhomes.

Do you have to pay it back?

Habitat for Humanity of the New River Valley Homeownership Program is a first mortgage and is repaid under the terms set by Habitat for Humanity of the New River Valley.

  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Habitat for Humanity of the New River Valley Homeownership Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A completed homebuyer education course
  • Citizenship or immigration status: All household members must be U.S. citizens or legal permanent residents
  • DRAFT (dpa-gap-finder 2026-06-13): pending review. Sweat equity required (count not published online). Demonstrated inadequate housing; willingness and ability to partner; income demonstrating need and repayment ability. Distinct from New River Home Trust CLT (already in catalog) — NRV Habitat provides a direct affordable mortgage, not a ground lease.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Habitat for Humanity of the New River Valley Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

  • Household income generally 30%-80% AMI for the Blacksburg-Christiansburg-Radford VA MSA (HUD AMI).
  • 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?

Habitat for Humanity of the New River Valley Homeownership Program can be used for Single Family and Townhouse.

  • New construction is eligible.

Where does it apply?

Habitat for Humanity of the New River Valley Homeownership Program serves buyers purchasing in Christiansburg, Virginia.

How do you apply?

Applications for Habitat for Humanity of the New River Valley Homeownership Program go through Habitat for Humanity of the New River Valley, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact Habitat for Humanity of the New River Valley to reserve funds

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

  3. 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.

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Habitat for Humanity of the New River Valley Homeownership Program, explained

A short, free course on Habitat for Humanity of the New River Valley Homeownership Program: what it is, who it is for, what the program sets and what your lender sets, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

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