Bluestone Town Center Secures Financing for Housing Development with Ryan Homes Partnership

July 25, 2025 | Harrisonburg (Independent City), Virginia


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Bluestone Town Center Secures Financing for Housing Development with Ryan Homes Partnership
In the bustling atmosphere of Harrisonburg's city hall, discussions unfolded around the future of the Bluestone Town Center, a project poised to reshape the community's housing landscape. As city officials gathered on July 25, 2025, they shared updates on the anticipated construction timeline and financing details that could significantly impact local homebuyers.

The meeting revealed that financing for the Bluestone Town Center is expected to close in August, paving the way for construction to begin shortly thereafter. Officials expressed optimism about the project, which aims to provide new housing options, including senior living units. As plans solidify, the city is committed to keeping the community informed about construction schedules and the availability of new homes.

A key point of discussion centered on the partnership with Ryan Homes, the contractor selected for the townhomes. While the collaboration promises swift construction, with officials suggesting that homes could be ready by spring, concerns were raised about financing options for potential buyers. Notably, Ryan Homes is not currently a participating lender in the Virginia SPARC program, which offers a 1% mortgage reduction to eligible homebuyers. This detail could limit access to affordable financing for those looking to purchase homes in the new development.

City officials emphasized the importance of addressing this issue, as the 1% reduction could significantly lower monthly payments for buyers. The conversation highlighted the need for ongoing communication with Ryan Homes to explore potential participation in the SPARC program, ensuring that future homeowners can benefit from the financial incentives available.

As the meeting concluded, the excitement surrounding the Bluestone Town Center was palpable. With the promise of new homes and the potential for enhanced community living, Harrisonburg is on the brink of a transformative development that could shape its housing market for years to come. The city remains dedicated to fostering partnerships that support affordable housing, making it a priority as they move forward with this ambitious project.

View full meeting

This article is based on a recent meeting—watch the full video and explore the complete transcript for deeper insights into the discussion.

View full meeting

Sponsors

Proudly supported by sponsors who keep Virginia articles free in 2025

Scribe from Workplace AI
Scribe from Workplace AI