Virginia Housing and Community Development Corporation
SPARC
Sponsoring Partnerships and Revitalizing Communitie (SPARC)
SPARC
SPARC, Sponsoring Partnerships and Revitalizing Communities, is a special allocation of reduced-rate funding made available to VHCDC to support homeownership among low-to-moderate income households within its service areas.
This funding can reduce the interest rate on a buyer's mortgage by 1%, making a home purchase more affordable. When combined with VIDA and other funding resources, SPARC can help make home ownership more attainable.
SPARC funds may only be utilized with Virginia Housing Bond Programs including FHA, USDA, VA, and Conventional. Funds may be used for the purchase of a primary residence and may not be used for refinancing, investment, or commercial properties.
Eligibility pathway
- Recipients must be enrolled in the VHCDC Home Ownership Assistance Program (HOAP).
- Recipients must be members of an Underserved Market and meet adjusted household income limits.
- Recipients must complete the VHCDC First-Time Home Buyers College Course or provide an acceptable Virginia Housing certificate of completion for SPARC only.
- Recipients must receive housing counseling and complete all pre-purchase items on their work plan.
- Recipients must apply to a VHCDC / Virginia Housing approved lender, with referrals issued and eligibility confirmed only by the VHCDC Housing Services Office.
- Recipients must engage VHCDC In-House Service Partners for housing acquisition and purchase a home in the Commonwealth of Virginia.
2026 Adjusted Household Income Limits
| MSA/Metro Area | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Hampton Roads | $60,350 | $68,950 | $77,550 | $86,150 | $93,050 | $99,950 | $106,850 | $113,750 |
| Franklin City | $53,800 | $61,450 | $69,150 | $76,800 | $82,950 | $89,100 | $95,250 | $101,400 |
| Henrico County | $63,600 | $72,650 | $81,750 | $90,800 | $98,100 | $105,350 | $112,600 | $119,900 |
| Isle of Wight County | $60,350 | $68,950 | $77,550 | $86,150 | $93,050 | $99,950 | $106,850 | $113,750 |
| Northampton County | $48,350 | $55,250 | $62,150 | $69,050 | $74,600 | $80,100 | $85,650 | $91,150 |
| Petersburg | $63,600 | $72,650 | $81,750 | $90,800 | $98,100 | $105,350 | $112,600 | $119,900 |
| Pittsylvania County * | $44,750 | $51,150 | $57,550 | $63,900 | $69,050 | $74,150 | $79,250 | $84,350 |
| Richmond | $63,600 | $72,650 | $81,750 | $90,800 | $98,100 | $105,350 | $112,600 | $119,900 |
| Southampton County | $53,800 | $61,450 | $69,150 | $76,800 | $82,950 | $89,100 | $95,250 | $101,400 |
| Surry County | $60,350 | $68,950 | $77,550 | $86,150 | $93,050 | $99,950 | $106,850 | $113,750 |
| Northern VA/DC/MD | $74,800 | $85,450 | $96,150 | $106,800 | $115,350 | $123,900 | $132,450 | $141,000 |
* VHCDC Extended Program Service Area. Updated: May 28, 2026.