Homeownership Page

Exciting Opportunity

Catholics for Housing is the lead agency in the Greater Prince William Housing Consortium who received $1,932,461 from the Virginia allocation of the Federal Neighborhood Stabilization Program (NSP).

Catholics for Housing is joined in this venture by the Northern Virginia Fuller Center for Housing, the Dale City Volunteer Fire Department Foundation, Northern Virginia Family Services and Project Mend-A-House.

These funds were used to purchase, rehab and re-sell properties in Prince William County to income-eligible buyers.  Ten properties have been purchased and as of November 2010, there were 3 available for re-sale to eligible buyers.

As these re-sales are completed, Catholics for Housing and their partners will be able to access the funds that have been returned to the State from the re-sales to purchase additional properties.  The Consortium anticipates purchasing 9 additional properties through the recycling of these funds.

If you are interested in becoming a homeowner, please complete the application.  The application may be completed on-line or printed and sent to the CFH office.  There are incredible incentives with this program. 

"Click Here to Complete the Application"

One of the homes was purchased for $145,000 and required $23,000 of rehab.  The buyer purchased the home for $168,000 and with the incentives, the buyer’s mortgage was $102,000. 

The first $5,000 of the closing costs are forgiven and the second $5,000 are rolled into a second trust along with several other incentives.

This home appraised at $195,000 when the buyer closed.

It is because of efforts like the NSP homeownership initiative, the Linton Hall Manor program, the affordable rental opportunities as well as the direct service programs that have allowed Catholics for Housing to again be selected as one of the best small agencies in the DC Metro area by the Catalogue of Philanthropy.  Thank you for your support.  These things would not happen without you.

Karen DeVito