CHP Announces First Home Sold in New River Home Trust

Montgomery County, VA – Community Housing Partners (CHP) recently reported on a remarkable moment in the New River Valley, the first home sold under the New River Home Trust.

The New River Home Trust was created in 2023 as a partnership between CHP, Montgomery County, and the Town of Blacksburg to increase access to affordable housing. The New River Home Trust offers a unique approach to homeownership by dividing the ownership into two distinct deeds. One deed is for the land and another for the home, making homeownership a reality by removing the cost of the land.

The land trust model is a forward-thinking movement that will help make home ownership in Montgomery County more accessible and affordable for families.

Read the press release here.

The New River Valley has a variety of housing options. Whether you’re based in one of the NRV’s walkable downtowns or along a country road, if you’re looking for a starter home or high-end golf course living, the NRV is the natural fit for your home. Learn more about housing in the NRV here.

Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.