CHESTERFIELD, VA (WWBT) - Chesterfield County is offering first-time homebuyers grant money to put towards the purchase of a new home. At least $72,000 will go towards a down payment for a brand-new, "top-of-the-line" home. T
Chesterfield County has offered the program for 15 years.
"Our biggest challenge is getting people to believe that this is real," said Smitty Smith, Southside Community Development.
Especially when you then learn that $72,000 is the minimum you can receive.
"There is no catch. Chesterfield County is trying to promote affordable home ownership in the county," Smith said.
It's the first-time the grant money has been available in the county. And right now, it can only be used on homes inside the Hamlin Creek Community. The homes come with energy-saving features.
"To qualify you have to be at least a first-time homebuyer and that's anyone that has not owned or sold a home within the past three years and you have to meet the income guidelines," he said.
If you qualify you get this grant money and can take advantage of this year's federal tax credit, $8,000 that doesn't have to be paid back to Uncle Sam.
"If you take a home like these that are listed for $237,000, guess what, you only need to qualify at $165,000 to buy a brand new home in the county," Smith said.
But here's the deal: count on this deal being here today - sold tomorrow.
"There are five opportunities in Chesterfield County and there are actually three opportunities left. We have two homes under contract already," said Smith.
If you want to see the three floor plans that are left, stop by the Hamblin Creek Community off of Route 2-88 at South Chester Road this Saturday from 11:30 a.m. to 1:30 pm. If you want more information, call Smitty Smith at 350-4139.