Bristol Redevelopment & Housing Authority

Bristol Redevelopment & Housing Authority

New Opportunities for Virginia Home Buyers-Industry News

Effective December 15, 2023, Virginia Housing has increased maximum household income and sales price limits for borrowers throughout the Commonwealth. More homebuyers will now have access to Virginia Housing programs due to increased maximum gross household income and sales price limits that apply to the Down Payment Assistance and Closing Cost Assistance grants.

Additionally, newly introduced expanded income limits can be used for first-time and repeat homebuyers with down payment and closing cost assistance from Virginia Housing’s Plus Second Mortgage.

Mike Urban, Managing Director of Homeownership at Virginia Housing said, “Expansion of our programs provides a tremendous opportunity to help even more buyers achieve the dream of homeownership through a variety of affordable options offered by Virginia Housing.”

Find more information and the full press release HERE. 

By investing in the power of home, Virginia Housing transforms where and how thousands of Virginians live and thrive, strengthening communities and the economy. Founded in 1972 as the Virginia Housing Development Authority (VHDA), Virginia Housing has worked for over 50 years in partnership with the public and private sectors to help Virginians attain quality, affordable housing.