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The EDA approved $30,000 for the Serve and Stay Program, which will help Fredericksburg city and public-school employees with housing costs through mortgage rate buy-downs of up to $6,500 or rental move-in assistance of up to $4,500.
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The program is intended to help public employees, including first responders, teachers, and other city and school workers, live and work in Fredericksburg. The EDA also adopted InvestFXBG Loan Program policies and approved a $2,500 grant for the Fredericksburg Fashion Week Block Party. The FY2027 budget remained under discussion, with final approval expected in June.
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