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WORK SESSION AGENDA
REQUEST |
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Sponsor: |
Board of Supervisors
Meeting Date: |
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Chester W. Stribling,
Chairman, Center District Supervisor |
November 13, 2008 |
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Staff Lead: |
Department:
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Anthony I. Hooper, Deputy
County Administrator |
County Administration |
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Topic: |
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Discussion of the Virginia
Neighborhood Stabilization Program |
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Topic Description: |
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We have been contacted by
the Virginia Department of Housing and Community Development
regarding our interest and capacity to participate in the
Neighborhood Stabilization program that passes through
federal funds to acquire, rehabilitate as necessary and then
make available for sale affordable housing units. As of
October 1, 2008 there were 207 bank-owned homes in Fauquier
as a result of foreclosure activities. Attached is a chart
that illustrates the extent of the problem in Virginia.
The Affordable Housing Committee is gathering additional
information about the areas most impacted in Fauquier and
about program options should we seek to participate in this
program.
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Requested Action of the
Board of Supervisors:
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Conduct a work session and
provide direction concerning possible participation in the
Virginia Neighborhood Stabilization Program. |
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Financial Impacts
Analysis: |
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Unknown at this time. |
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Identify any other
Departments, Organizations or Individuals that would be
affected by this request: |
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Department of Community
Development
Department of Social Services
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Attachments: |
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Countywide Bank Owned
Properties
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Local Foreclosure Activity
Chart
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Fauquier County
Foreclosures by District
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