Two new housing developments are expanding affordable homeownership opportunities in Blacksburg.
The homes in Stroubles Ridge and the Airport Acres Townhomes neighborhoods are part of the New River Home Trust, a community land trust serving Montgomery County and the greater New River Valley. The land trust model keeps homes permanently affordable for future buyers while allowing current homeowners to build equity and long‑term stability.
The Town of Blacksburg has worked closely with Community Housing Partners, Habitat for Humanity of the New River Valley, and the New River Home Trust to advance developments that align with the Town’s long‑term affordable housing goals. Supporting community land trust homeownership is a key strategy for ensuring that homes remain attainable for residents both now and in the future. With the average single‑family home price in Blacksburg often exceeding $450,000, these projects create essential pathways to homeownership for households who are priced out of the traditional market.
They also help families establish long‑term roots in the community.
“These new homes at Airport Acres and Stroubles Ridge will have a meaningful impact on families across Blacksburg. By expanding opportunities for stable, affordable homeownership, we’re supporting economic mobility and strengthening the fabric of our community,” said Kim Thurlow, Housing and Community Connections Manager. “Ensuring that residents of all income levels have access to the chance to stay, grow, and invest in Blacksburg is essential to building a more inclusive and resilient town.”
Both neighborhoods offer three‑bedroom homes for income‑qualified buyers earning 80 percent or less of the Area Median Income (AMI). For example, a household of four may qualify with an annual income up to approximately $95,700, while a one‑person household may qualify with an income up to about $67,000. Income limits for prospective buyers are published at newriverhometrust.org/income-limits and help ensure that homes are accessible to modest‑income households, including many employed in essential local occupations.
Located off Merrimac Road in Blacksburg, Stroubles Ridge offers a new selection of thoughtfully designed, energy‑efficient single‑family homes. Developed by Community Housing Partners, the neighborhood includes three‑bedroom, two‑and‑a‑half‑bath homes with pricing starting at approximately $235,000. Homes are being completed now and are currently available for purchase. To learn more, contact Susanne Wilburn, Homeownership Advisor, at 540‑210‑0501 or [email protected].
The Airport Acres Townhomes development, located off Airport Road and developed by Habitat for Humanity of the New River Valley, features 11 two‑story Craftsman‑style townhomes designed for energy efficiency, accessibility, and long‑term affordability. Each home includes three bedrooms and two and a half bathrooms, with pricing estimated at $250,000. Homes are expected to be completed by the end of 2026 and are available for purchase now. To learn more, contact Jordan Bondurant, Director of Operations, at 540‑381‑1144 ext. 202 or [email protected]. To learn more about the New River Home Trust and access an application for either development, visit www.newriverhometrust.org.
Town of Blacksburg
