City of Lynchburg Agenda Packet 2026-05-12
Down Payment Assistance Funding for First-Time Homebuyers
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Description
City approved a $94,752.94 HOME contract with Lynchburg Community Action Group to deliver down payment assistance for eight first-time homebuyers who meet specific income limits. Program supports affordable homeownership.
Contract Details
Contract Amount
$94,752.94
Vendor
LYNCHBURG COMMUNITY ACTION GROUP – FIRST TIME HOMEBUYER DOWN PAYMENT ASSISTANCE
Agency
City of Lynchburg, VA
Contract Type
SUPPLIES
Document Date
May 12, 2026
Contract Term
July 1, 2026 – June 30, 2027
Renewal Date
2027-06-30
Renewal Info
Annual HOME allocation; recipients/applicants verified each year. Funding expires at program year end if unused.
Vendor
LYNCHBURG COMMUNITY ACTION GROUP – FIRST TIME HOMEBUYER DOWN PAYMENT ASSISTANCE
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