Loudoun County officials are currently working on a program that will help Loudoun employees buy foreclosed homes. The program would provide $5000 in grants to county and school system employees in order to purchase foreclosed property in Loudoun County.
Loudoun County officials are currently working on the proposal which will go before the Board of Supervisors next month.
This comes after the Loudoun County board last month approved a program that would low-interest loans to those making up to $99K per year.
Loudoun has been hit hard by foreclosures and the county is trying to be a part of the solution as well as make it more affordable for county employees to actually live in the county they work in. This is definitely a step in the right direction.