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
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 housing is an important source of affordable housing for Virginians. Manufactured homes, sometimes referred to as HUD code homes, are built, in a factory, on a permanent chassis, are transportable in one or more sections, are used as single family dwellings and may be sited with or without a permanent foundation.
DHCD regulates Virginia’s manufactured housing… Learn More
The Virginia Individual Development Accounts (VIDA) program helps qualified individuals save for a down payment on a home. 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 a VIDA intermediary listed below. VIDA… Learn More