RESOLUTION

A RESOLUTION TO AUTHORIZE THE COUNTY ADMINISTRATOR TO SUBMIT AN APPLICATION TO THE VIRGINIA HOUSING DEVELOPMENT AUTHORITY FOR SPONSORING PARTNERSHIPS AND REVITALIZING COMMUNITIES  GRANT FUNDS AND TO DEVELOP A PROGRAM TO ASSIST LOCAL GOVERNMENT EMPLOYEES TO PURCHASE HOMES IN THE FAUQUIER COUNTY

WHEREAS, the Fauquier County Board of Supervisors recognizes the lack of and need for affordable housing for citizens and employees of the County; and

WHEREAS, the Virginia Housing Development Authority (VHDA), through its Sponsoring Partnerships and Revitalizing Communities (SPARC) program, provides grant allocations to fund permanent home purchase mortgages at advantageous interest rates to qualified homebuyers; now, therefore, be it

RESOLVED by the Fauquier County Board of Supervisors this 12th day of April 2007, That the County Administrator be, and is hereby, authorized to submit an application to the VHDA for SPARC grant funding; and, be it

            RESOLVED FURTHER, That the Affordable Housing Committee is hereby directed to design a program to assist local municipal employees to purchase homes in the County utilizing a portion of the affordable housing funding for closing, down payment assistance, or related home purchase costs.

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