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Alexandria, Virginia
MAYOR WILLIAM D. EUILLE // NORTHERN VIRGINIA ASSOCIATION OF REALTORS
Affordable Homeownership/Workforce Housing and
Foreclosure Prevention Outreach Initiative
Mayor William D. Euille has long been a long-standing advocate for
homeownership and a financial sponsor of the City of Alexandrias
annual Homeownership Fair. The City joined with the Northern
Virginia Association of REALTORS (NVAR) to address three
different areas of affordable housing. This partnership began with
outreach to low- and moderate-income Alexandrians through NVARs
participation in the Homeownership Fair, which presented an
opportunity for NVAR members to provide guidance and expertise to
potential first-time homebuyers who either live or work in Alexandria.
In addition, NVAR partnered with City housing staff to organize a
homebuyers seminar targeted specifically to employees of the City and
Alexandria City Public Schools. The event was designed to educate
employees on local real estate market conditions, home loan process,
and to provide information on the many forms of assistance offered
by the City of Alexandria to its employees and introduce them to the
application and approval process) who are early on in their careers and
are first-time homebuyers. This ongoing effort will be implemented
in phases: the first phase targeted toward police officers, firefighters,
and emergency services personnel, then eventually made available
to teachers, nurses, veterans, municipal employees, and others as the
demand deems necessary. In addition to his personal involvement
and full support, Mayor Edward Pawlowski has agreed to commit key
staff to create and implement the Hometown Heroes program, and
the City also plans to continue financially supporting down-payment
and closing cost assistance to qualifying households as well as housing
inspection and residential faade grant programs.
With increased homeownership among these heroes, the
City expects safer communities; improved community relations
among heroes, City officials, and the public; a higher retention rate;
and an increased desire for heroes to live in the City where they
protect and serve.
www.realtor.org/housingopportunity
In addition to getting the message out to first-time
homebuyers, this program encourages not only pre-credit counseling
but also post-purchase counseling to ensure that homebuyers stay in
their homes once purchased.
The program has garnered media attention, and the
planned Super Saturday program will enable the city to reach a large
number of potential first-time buyers and new homeowners. With
several financial literacy programs and the capable involvement of
REALTORS, the goal is to get first-time buyers into homes, taking
advantage of very low rates.
This partnership between the mayor and the REALTORS
is an example of people working together to increase homeownership
and home retention in the City.
strong housing stock that serves all sectors of the market. Housing
Educating homebuyers
and employers
www.usmayors.org/ambassadors
// NATIONAL ASSOCIATION OF REALTORS
www.realtor.org/housingopportunity