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Supervisors will make decision on SPARC funds

PULASKI COUNTY — The Pulaski County Board of Supervisors will decide Monday night whether to accept an agreement for $1 million in funding to cover another year of low-interest loans for first-time home buyers.
This is the second year the county has applied for and received approval for Virginia Housing Development Authority (VHDA) SPARC (Sponsoring Partnerships and Revitalizing Communities) funds.
This year, SPARC is a program that provides money to applying communities and organizations to promote affordable home ownership within the community receiving the funds.
In addition to meeting standard qualifications for a mortgage, the loans are available to first-time homeowners who meet specific income requirements.
First-time homeowners are those who have never purchased a home or who have not purchased a home in three years, according to SPARC regulations.
The three local VHDA-certified lenders are Bank of America, First National Bank and National City Mortgage.

Supervisors will make decision on SPARC funds

PULASKI COUNTY — The Pulaski County Board of Supervisors will decide Monday night whether to accept an agreement for $1 million in funding to cover another year of low-interest loans for first-time home buyers.
This is the second year the county has applied for and received approval for Virginia Housing Development Authority (VHDA) SPARC (Sponsoring Partnerships and Revitalizing Communities) funds.
This year, SPARC is a program that provides money to applying communities and organizations to promote affordable home ownership within the community receiving the funds.
In addition to meeting standard qualifications for a mortgage, the loans are available to first-time homeowners who meet specific income requirements.
First-time homeowners are those who have never purchased a home or who have not purchased a home in three years, according to SPARC regulations.
The three local VHDA-certified lenders are Bank of America, First National Bank and National City Mortgage.