(RECAP: Affordable housing provider Piedmont Housing Alliance has received an allocation of $850,000 in Community Homeownership Revitalization Program funds from the Virginia Housing Development Authority (VHDA). First-time home buyers with low and moderate income who qualify may have access to low-cost mortgage funds between now and June 30, 2017. “We are tremendously excited for our first time home buyer clients,” said Piedmont Housing’s Executive Director, Frank Grosch. “This represents a huge opportunity for them to get into an affordable home at a great long-term interest rate.” “We are grateful for our partnership with VHDA and local VHDA lenders who play a key role in home affordability throughout the state,” added Chief Operating Officer Karen Reifenberger. “Long-term home ownership remains a critical element in anchoring community stability and promoting family financial security.”)
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