Prince William Area FFY2024 CAPER
$19M in SPARC Financing from Virginia Housing for FTHB Programs
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Description
Virginia Housing provided $19 million in SPARC mortgage financing to support affordable housing and first-time homebuyer activities in Prince William County for FY24 and FY25.
Contract Details
Contract Amount
$19,000,000 allocated ($18,634,469 expended in FY25); $1,540,600 SPARC first trust financing (FTHB); $17,093,869 SPARC funds for FTHB
Vendor
VIRGINIA HOUSING
Agency
Prince William county Office of HCD, VA
Contract Type
FINANCIAL_SERVICES
Document Date
June 30, 2025
Contract Term
SPARC source leveraged during FY24–FY25
Renewal Date
2025-06-30
Renewal Info
SPARC funds are a recurring, competitively allocated product; future program years may include additional allocations.
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APPROVEDCity of Manassas Housing Advisory Board Meeting Agenda May 2026
DISCUSSEDAccomack-Northampton Planning District Commission Minutes April 20, 2026
AMENDEDEDA City of Martinsville Agenda January 2026
PENDINGshenandoah_county_citizens_advisory_committee_meet.pdf
AWARDEDIssuing Agency
Prince William county Office of HCD
Local Housing Authority
Woodbridge, VA
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