Workforce Housing Program - For-Sale Component

Workforce Housing Program - For-Sale Component è un prestito a rivalutazione condivisa per chi compra casa in Virginia Beach, Virginia, gestito da 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. I fondi provengono da 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 è un prestito a rivalutazione condivisa e si restituisce secondo le condizioni fissate da City of Virginia Beach Department of Housing and Neighborhood Preservation (DHNP). Il rimborso scatta in caso di 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. L'aiuto è iscritto in posizione Second (subordinate only to the purchase-money first deed of trust). Le condizioni di condono e di rimborso sono fissate dal programma e possono cambiare: verificale sulla pagina ufficiale del programma prima di fare domanda.

Workforce Housing Program - For-Sale Component è aperto a chi compra casa e ci vivrà come residenza principale. È richiesto un corso per chi compra casa, tramite Mandatory homebuyer education; the City provides a list of local homebuyer education classes (e.g., Virginia Housing, NACA). Requisito di residenza: 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 il reddito familiare al 120% del reddito mediano dell'area, che varia in base alla contea e alla dimensione del nucleo familiare. 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). Il limite si applica al reddito totale del nucleo familiare, non solo a quello del richiedente del mutuo. Il programma indica una dimensione massima del nucleo familiare di 6. I dati sul reddito mediano dell'area sono pubblicati da HUD e aggiornati ogni anno, quindi controlla la tabella attuale della contea prima di basarti su una cifra.

Workforce Housing Program - For-Sale Component fissa un prezzo di acquisto massimo di $452,667. I tipi di immobile idonei includono Single Family, Townhouse, Condo e 2-4 Unit. Le nuove costruzioni sono idonee. Le case prefabbricate non sono idonee.

Workforce Housing Program - For-Sale Component si rivolge a chi compra casa in Virginia Beach, Virginia. Il programma si rivolge a zone specifiche: 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.

Le domande per Workforce Housing Program - For-Sale Component passano da City of Virginia Beach Department of Housing and Neighborhood Preservation (DHNP), che pubblica sul proprio sito le condizioni attuali e i passaggi per fare domanda. I fondi vengono prenotati tramite 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 non è un istituto di credito e non accetta domande; questa pagina descrive il programma perché chi compra casa possa parlarne con un istituto di credito o un consulente abitativo.