Henrico County's affordable housing initiative helps residents become first-time homeowners
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A new community in the East End of Henrico County is helping residents achieve the dream of homeownership through an affordable housing initiative approved by county leaders last year.
The first homes in the Sandston Parkside Townes subdivision are now complete, with 20% of the homes being sold through the county's affordable housing trust initiative.
The program provides grants to both nonprofit and for-profit entities to help offset costs associated with residential developments, ultimately lowering sale prices for buyers.
"Having the mix of price points and consumers here just makes for a much better project," said Jonathan Ridout with HHHunt Homes, who collaborated with Henrico County and organizations like the Partnership for Housing Affordability on the development.
Ridout and his team worked to make the homes as affordable as possible while maintaining quality.
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