The New River Valley HOME Consortium is a regional consortium located in southwest Virginia that includes the counties of Floyd, Giles, Montgomery, Pulaski, the City of Radford and the towns therein. The purpose of the HOME Consortium is to support the creation of housing opportunities for low and moderate-income people in the New River Valley.

The NRV HOME Consortium was formed in 2007 and receives annual funding from the U.S. Department of Housing and Urban Development. HOME funds can be used for new construction and rehabilitation of homeownership or rental housing.  The Town of Blacksburg provides staff support to the HOME Consortium to help work with all member localities to administer HOME funds. Funds are provided to localities on a rotating basis and the funding amounts provided are based on the size of their total population.

New River Valley HOME funds have been leveraged to provide more than $35 million of additional funds for the New River Valley and to create 358 homes since the HOME Consortium’s inception. Of the 358 homes and apartments that have been built, rehabilitated or are in the development process  92 are in Pulaski, 26 in Radford, 31 in Giles County, 207 in Montgomery County and 2 in Floyd. More are underway!

If you would like more information on the NRV HOME Consortium visit www.nrvhome.org or click here to view the most recent HOME Consortium Annual Report  which provides an update overview  of current HOME projects.