The News Desk is a collection of news, notes and breaking items affecting the Fredericksburg community.
Coalition plans session on Culpeper home-buying program
The Central Virginia Housing Coalition will hold a meeting Saturday to help potential first-time homeowners learn how to qualify for Culpeper’s Neighborhood Stabilization Program.
That program, begun in 2009, has already used $1.2 million in grant money to buy foreclosed homes, renovate them and then resell them to qualified buyers (a family of four must earn $85,000 or less).
Teachers, police officers and some town employees would qualify as new owners, according to town public information officer Wally Bunker.
Eligible buyers must complete an eight-hour training course before being allowed to participate in the program, which assists new owners with down payments and closing cost options, Bunker added.
Saturday’s meeting is from 10 a.m. until 2 p.m. at the Culpeper Police Department at 740 Old Brandy Road.
Those who attend may sign up beforehand or simply come by. Anyone interested may contact Dee Kitterman at the Central Virginia Housing Coalition at 540/604-9943 extension 211 or via email at email@example.com.