Creating affordable living. Building lasting communities.
At the New River Home Trust, we create and preserve permanently affordable housing in the New River Valley. Our unique approach provides a path to generational wealth while keeping homes attainable for future generations.
Explore Our Homes
Browse available and upcoming homes developed in partnership with trusted local builders.
Success Stories
In September 2023, a historic moment unfolded in the New River Valley as New River Home Trust celebrated the sale of its very first home—marking a major milestone in permanently affordable homeownership. Thanks to NRHT’s innovative community land trust model, the new homeowner was able to purchase a quality home near Virginia Tech at a price nearly $100,000 below market value.
While most homes in the area were selling in the mid-$300,000s, this NRHT home closed in the low-$200,000s—proving just how transformative the model can be for local families. Backed by support from Community Housing Partners, Montgomery County, and the Town of Blacksburg, this first success story is paving the way for more homes, more equity, and more access to homeownership in our community.
What’s the process?
1.Do You Qualify?
If you live or work in the New River Valley and dream of owning a home, we encourage you to reach out!
2. Apply
Our free application is simple, secure, and quick. Submit a few basic financial documents and find out if you’re eligible—usually within 48 hours.
3. Selection & Preparation
If eligible, we’ll walk you through the next steps: from reviewing available homes to preparing for a mortgage. We’re with you the whole way.
Our Team
New River Home Trust is backed by a passionate team, community leaders, and mission-driven partners like Community Housing Partners, and Habitat for Humanity. Meet the people who are helping transform affordable housing in the NRV.