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Housing Finance Authority describes home‑ownership and emergency programs; nonprofits report unspent ESG/CDBG grants and probate delays hamper repairs
Summary
At a March 28 session the Virgin Islands Housing Finance Authority outlined mortgage and homeowner assistance programs while nonprofit testifiers and legislators pressed for faster use of federal ESG/CDBG funds and said probate and ownership documentation are slowing home‑repair grants and the Envision program.
The Virgin Islands Housing Finance Authority (VIHFA) told senators March 28 it continues to run several homeownership and housing‑stability programs while nonprofit partners and legislators pressed the authority and related agencies about unspent federal funds and delays tied to property ownership documentation.
Program overview and outreach: VIHFA Executive Director Eugene Jones summarized the agency’s homeownership offerings — including a homestead program, veterans’ loans and moderate‑income products — and said the agency is conducting homebuyer education classes and one‑on‑one counseling. Director of Homeownership Freda Webster described recent classes and one‑on‑one counseling sessions and said VIHFA holds seven‑week homebuyer courses and school‑based financial‑literacy outreach.
Emergency rental, homeowner and foreclosure assistance: VIHFA described its role in administering emergency rental assistance…
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