Loudoun County To Help Employees Buy Foreclosed Homes

By
Real Estate Agent with Market Advantage Real Estate

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.

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Loudoun County Considering Foreclosure Program For County Employees

Source: WUSA9.com and The Washington Post

Comments (1)

Ritu Desai 703-625-4949
Samson Properties - Ashburn, VA
Northern Virginia,Washington DC & Maryland Realtor

I think it will be a great help if they can approve the grant.

Oct 19, 2008 01:10 PM