VIRGINIA PROGRAMS 2015-09-03T17:56:20+00:00

The Virginia Housing Development Authority exists to help Virginians achieve one of life’s fundamental dreams-having a place to call home. We offer loan programs tailored for first-time homebuyers as well as homeowners who want to buy in Areas of Economic Opportunity.

VHDA 3% Down Payment Assistance

Combine this benefit with an FHA or VHDA loan and you can purchase a home with very little money down.

Contact us at or 571-353-1531 or register at the RIGHT for a home buying seminar.


VHDA Mortgage Loans – buyers must meet the below criteria to qualify for a VHDA loan:

  •  Be a First Time Homebuyer. (No prior ownership in any residence during previous 3 years. Does not apply when purchasing property in Areas of Economic Opportunity).
  • Intend to occupy the property.
  • May not use home in trade or business.
  • Lot size limited to 2 acres (waivers may be obtained up to 5 acres).
  • Demonstrate creditworthiness.
  • Demonstrate stable income and adequate funds for down payment and closing costs.
  • Meet program income and sales price limits.
  • Complete VHDA’s Homeownership Education class.

Loan programs limit borrower income, sales price and loan amount. Contact us at or 571-353-1531 or register at the RIGHT for a home buying seminar.


Granting Freedom – Grants for Virginia’s Disabled Veterans

You’ve been there for us when it counted. Now Granting Freedom is here for you, with money to make your home more accessible. Granting Freedom is a grant program for home modifications for disabled veterans or disabled servicemen or women who sustained a line of duty injury resulting in a service connected disability. VHDA is pleased to partner with the Virginia Department of Veterans Services to make this program available.


REACH Virginia

REACH Virginia (Resources Enabling Affordable Community Housing in Virginia) is VHDA’s initiative to serve the housing needs of Virginia’s diverse communities. Multifaceted in its approach, REACH Virginiaprovides financing and technical assistance to support:

  • Affordable housing for low-income households and residents of high growth and/or high cost regions.
  • Accessible housing that meet the needs of seniors and people with disabilities.
  • Expanded housing choices for minorities and diverse cultures.
  • Revitalization of older urban areas and preservation of small towns and pastoral communities.
Low-Income Housing Tax Credit Program

The federal Low-Income Housing Tax Credit (LIHTC) program is sponsored by the U.S. Treasury Department and authorized under Section 42 of the IRS Code of 1986. The program, administered in Virginia by VHDA, encourages the development of affordable rental housing by providing owners a federal income tax credit. It also provides incentive for private investors to participate in the construction and rehabilitation of housing for low-income families.

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