Homebuyer Resources

Acquire,

Acquire, Renovate, Sell (ARS)

Acquire, Renovate, Sell (ARS) will create affordable homeownership opportunities for low- to moderate- income (LMI), first-time homebuyers while allowing providersincreased discretion over acquisition type, region, and resale. The program is the result of a partnership between DHCD, the primary administrator, and the Virginia Housing Development Authority (VHDA), the financial backing.… Learn More

Homeownership

Homeownership Down Payment Assistance Program (DPA)

The HOMEownership Down Payment and Closing Cost Assistance program (DPA) provides flexible gap financing for first-time homebuyers at or below 80 percent of the area median income (AMI) to purchase homes that are safe, decent and accessible. The down payment assistance is provided in the form of a grant with a mandatory “affordability period” for the applicant to continue to occupy the house as… Learn More

Manufactured

Manufactured Housing (MH)

The Virginia Department of Housing and Community Development (DHCD) regulates Virginia’s manufactured housing industry through the Virginia Manufactured Home Safety Regulations (MHSR) and the Virginia Manufactured Housing Licensing and Transaction Recovery Fund Regulations (MHLTRFR). Manufactured homes, sometimes referred to as HUD code homes, are built, in a factory, on a permanent chassis,… Learn More

Virginia

Virginia Individual Development Accounts (VIDA)

The Virginia Individual Development Accounts (VIDA) program helps qualified individuals save for a down payment on a home or for capital to start or expand a business. Eligible participants receive training, support and match funding on their savings. The current match rate is $8 for every $1 the participant saves, up to $4,000 in match.

Individuals interested in saving should contact… Learn More