VIHFA § VIRGIN ISLANDS Housing Finance Authority 3202 Demarara Plaza + Suite 200 » St. Thomas, USVI 00802-6447 Telephone: (340) 777-4432 - Fax: (340) 775-7913 Email: vihfa@vihfa.gov Memorandum To: Eugene Jones, Executive Director Stephanie Berry, Chief Operating Officer From: Freida Webster, Director Homeownership bivision Jota Mb? Date: July 17, 2024 RE: 2024 VIHFA First Time Homebuyers Program for Moderat Households Income Requirements Approval is hereby requested to adjust VIHFA First Time Homebuyers program for moderate households’ minimum income requirements accordance with published USDA 2024 Guaranteed Housing Program Income limits (effective July 12, 2024) for a single person household as follows: St. Croix $69,700 St. John $92,260 St. Thomas $68,000 Approval is hereby requested to adjust VIHFA First Time Homebuyers program for Moderate households’ maximum income limits in accordance with published HUD 2024 Median Family Income limits (effective FY 2024) as follows: St. Croix $213,500 St. John $261,450 St. Thomas $222,950 SA 21, I 7/29/2024 Approved BY: 6 = Date: Eugene Jones, ED Approved By: _2%4etax