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

For first-time homebuyers, the financial hurdles of homeownership can feel overwhelming. Fortunately, Virginia offers two powerful tools to reduce upfront costs and make homeownership more accessible.

Both programs offer flexible gap financing to first-time homebuyers earning up to the approved area median income limits (AMI). The programs help homebuyers purchase homes that are safe,… 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 $10 for every $1 the participant saves, earning up to $10,000 in match to be used towards down payment and closings.

Individuals interested in saving… Learn More