Stroubles Ridge and Airport Road developments expand long-term affordable home purchase options for local income-qualified buyers.
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 and help families establish long‑term roots in the community…