(340) 772-4432 
(340) 772-4002 
vihfa@vihfa.gov 
www.vihfa.gov 
FOR IMMEDIATE RELEASE  
 
 
 
            
Contact: Monee’ Edwards 
 
 
  
Public Information Officer 
 
 
 
 
 
          
(340) 777-4432 ext. 4221 
 
 
 
        
(340) 642-3528 
media@vihfa.gov 
www.vihfa.gov 
 
VIHFA Increases Home Acquisition Limits 
 [U.S. Virgin Islands] – V.I. Housing Finance Authority Interim Executive 
Director and Chief Disaster Recovery Officer Dayna Clendinen announces critical 
updates to home acquisition limits in the U.S. Virgin Islands, increasing the 
amount of money residents can spend to buy, constructor fix up a home.  
 
Reflecting the current landscape of the housing market, the updated acquisition 
cost limits help temper the soaring expenses associated with purchasing, 
constructing, or renovating a home. Clendinen emphasized that acquisition costs 
encompass all aspects of homeownership, including buying, building, 
rehabilitating, and covering closing fees. Recently approved by VIHFA’s Board of 
Directors, these updates signify a monumental shift in accessibility to housing 
opportunities across the territory, she said.  
 
Most notably, these updates pave the way for moderate-income households, 
earning between $53,101 and $257,250 annually, to leverage VIHFA's First Time 
Homebuyer’s Program. By adjusting these limits, VIHFA aims to facilitate 
smoother pathways to homeownership, fostering stability, security, and a 
profound sense of belonging for residents. 
 
“Excitingly, these updates mean that individuals and families aspiring to 
homeownership in the Virgin Islands now have expanded financial avenues,” she 
noted. With the changes, moderate-income residents on St. Croix can now spend 
up $498,257 on a home through VIHFA. In St. John, the limit has increased to 
$1,059,150, while on St. Thomas, it is $639,400.  
 
Clendinen highlighted that these increased limits do not apply to households 
receiving assistance under the federal HOME Program or any other programs for 
which HUD publishes separate limits. 
 
Recognizing the significance of homeownership in shaping financial futures, 
Clendinen emphasized that these updates are pivotal in advancing generational 
wealth-building opportunities for families across the territory. 
For more information, contact VIHFA’s Homeownership Division at (340) 777-
4432.