The pilot program would provide down payment assistance for full-time regular county employees to purchase a home in Albemarle County.
It would be in the form of a $20,000 loan secured with a lien, forgivable after five years of continuous employment with the county.
The vote was 5-0 with all present members voting to publicly notice an ordinance to implement the program.
Read the Entire Article
A customized collection of news from foundations from around the Web.

In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.