TYSONS CONDOS
Workforce Dwelling Unit (WDU)
Workforce Dwelling Unit (WDU) is a condo near employment centers and transportation options offered at below-market pricing.
What is Workforce Dwelling Unit (WDU)?
A Workforce Dwelling Unit (WDU) is a special type of condo where qualified buyers are offered housing at below-market rates. In Fairfax County, Virginia — where Tysons, Virginia is located — Workforce Dwelling Units (WDU) are given the opportunity to purchase a condo at below-market prices near employment centers and transportation options.
To qualify to purchase a Workforce Dwelling Unit (WDU), a prospective home buyer must earn between 70 and 120 percent of the Area Median Income (AGI). Further, prospective home buyers for Workforce Dwelling Units (WDU) must complete an application process to earn a Passport to Homeownership, which then enters them into a drawing.
Home buyers who qualify to purchase a Workforce Dwelling Unit (WDU) are responsible for all home maintenance, home improvements, and compliance with homeowner or condominium fees, rules, and regulations. Additionally, applications must be pre-approved for the maximum loan amount you can afford and must be submitted with a certificate of completion of a an education course on homeownership.
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