IMPLEMENTATION OF THE HOME INVESTMENT PARTNERSHIP PROGRAM (DOWN PAYMENT ASSISTANCE)
The County is a sub-recipient of the Western Tidewater HOME Consortium responsible for the administration of the HOME Investment Partnership Program. As such, the County is authorized to distribute and administer HOME Program funds pursuant to the HOME Investment Partnership Program, the Virginia Housing Partnership Act, and the HOME Program Management Plan.
The STOP Organization currently serves as the Program Administrator on the County's behalf. Hampton Roads Planning District Commission (HRPDC) is qualified to serve as a Program Administrator and has been successful in other communities in marketing and implementing down payment assistance projects under the HOME Program.
At the June 14, 2018 Board Meeting, The Board unanimously voted (5-0) to authorize HRPDC to serve as a Program Administrator to market and implement HOME Program projects to expand opportunities for low-to-moderate income families to achieve home ownership in Isle of Wight County.
Click here to see Board Report.