Workforce Housing Program - For-Sale Component

Workforce Housing Program - For-Sale Component es un préstamo de plusvalía compartida para compradores de vivienda en Virginia Beach, Virginia, a cargo de City of Virginia Beach Department of Housing and Neighborhood Preservation (DHNP). The City of Virginia Beach's Workforce Housing Program (For-Sale Component) helps income-eligible working households (80-120% AMI) buy newly built, for-sale workforce housing units priced below market. The buyer pays the discounted price with their own first mortgage while the City provides a 0%-interest, no-payment second mortgage equal to the discount, repaid only on resale or transfer with the City's proportional share of net appreciation. Buyers must occupy the home as their primary residence, live or work in Virginia Beach, and complete homebuyer education. Buy a new home at a discount of up to 25% below market. City-provided 0% interest second mortgage with no monthly payments. No repayment until resale or transfer. City may waive part of its appreciation share to prevent a loss. Los fondos provienen de Workforce Housing Revolving Fund (recaptured WFH discounts, fees, and shared net appreciation); City may also make available CDBG and HOME funds.

Workforce Housing Program - For-Sale Component es un préstamo de plusvalía compartida y se reembolsa según los términos que fija City of Virginia Beach Department of Housing and Neighborhood Preservation (DHNP). El reembolso se activa por Due and payable from the proceeds of resale or transfer of the WFH Unit. Owner may not repay the second deed of trust until the unit is resold. On resale the owner repays the full principal of the WFH Discount plus the City's proportional share of net appreciation. La ayuda se registra con un gravamen en posición Second (subordinate only to the purchase-money first deed of trust). Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

Workforce Housing Program - For-Sale Component está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Se requiere un curso de educación para compradores de vivienda, a través de Mandatory homebuyer education; the City provides a list of local homebuyer education classes (e.g., Virginia Housing, NACA). Requisito de residencia: At least one borrower must live or work full-time in Virginia Beach, or have a bona fide full-time job offer in the City starting within 3 months of application. City holds an exclusive right to purchase up to 1/3 of WFH units in a development. Buyer must apply for a mortgage within 5 days of signing a sales contract; annual owner-occupancy certification; City right of first refusal before resale. Net worth cap 50% of unit sales price (with exclusions). Refinancing requires prior DHNP Director approval.

Workforce Housing Program - For-Sale Component limita el ingreso del hogar al 120% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household combined annual gross income must be between 80% and 120% of AMI, adjusted for household size. WFH Income Guidelines (adopted Oct 20 2025; HUD AMIs eff. Apr 1 2025; VB-Norfolk-Newport News MSA; 4-person median $106,500): 120% 4p $127,800; 110% 4p $117,150; 100% 4p $106,500; 90% 4p $95,850; 80% 4p $85,200 (full table by 1-6 persons in source). El límite se aplica al ingreso total del hogar, no solo al del prestatario. El programa indica un tamaño máximo de hogar de 6. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

Workforce Housing Program - For-Sale Component limita el precio de compra a $452,667. Los tipos de propiedad elegibles incluyen Single Family, Townhouse, Condo y 2-4 Unit. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Workforce Housing Program - For-Sale Component atiende a compradores de vivienda que compran en Virginia Beach, Virginia. El programa se dirige a áreas específicas: WFH units built in Strategic Growth Areas (Burton Station, Centerville, Newtown, Pembroke, Resort, Rosemont). Excluded: Accident Potential Zones, Noise Zones 65-70 dB DNL+, and R-10 through R-40 districts.

Las solicitudes de Workforce Housing Program - For-Sale Component se tramitan a través de City of Virginia Beach Department of Housing and Neighborhood Preservation (DHNP), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de DHNP maintains a waiting list of pre-screened Eligible Buyers; next Eligible Buyer is verified, issued a Certificate of Eligible Buyer Status, and has 7 days to decide to purchase. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.