First Time Homebuyers can receive $20K in Down Payment and Closing Cost Assistance with Homeward Norfolk Grant

 

 

Norfolk Redevelopment and Housing Authority (NRHA) has received a grant allocating funds for first-time homebuyers to receive up to $20,000 towards the purchase of their first home.  The Homeward Norfolk program provides down payment and closing cost assistance to first-time homebuyers with household incomes between 80% and 120% of Area Median Income (AMI, see chart below) who are purchasing a home in one of three specific Norfolk neighborhoods: Ingleside, Monticello Village and Oakdale Farms.

 

All applicants must be enrolled in NRHA’s HomeNet Homeownership Center to receive education, counseling and Homeward funds. Funds are limited and are on a “first come, first served” basis to qualified applicants.

 

The HomeNet Homeownership Center is a one-stop shop that offers a range of services to first-time home buyers who choose to purchase a home in Norfolk. Services include credit counseling, home buying education classes and pre- and post-purchase counseling.

 

For more information on the Homeward Norfolk program or to enroll in the HomeNet Homeownership Center, visit www.nrha.us/homenet or call (757) 314-4202.

 

 

 

1 Persons

2 Persons

3 Persons

4 Persons

5 Persons

6 Persons

7 Persons

8 Persons

80% AMI

42,000

48,000

54,000

60,000

64,800

69,600

74,400

79,200

100% AMI

52,500

60,000

67,500

75,000

81,000

87,000

93,000

99,000

120% AMI

63,000

72,000

81,000

90,000

97,200

104,400

111,600

118,800

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NOTICE OF NONDISCRIMINATION - NRHA provides equal housing and employment opportunities for all persons. NRHA does not discriminate against any applicant, resident or employee on the basis of disability, age, race, color, religion, gender, familial status or national origin in the admission, access or operations of programs, services or activities. NRHA complies with Title VI of the Civil Rights Act and the Americans with Disabilities Act. An internal grievance procedure is available to resolve complaints. If you feel you have been discriminated against, you have the right to file a complaint of discrimination  by calling toll free (888) 799-2085. Qualified individuals who need communication aids, services or other accommodations to participate in programs and activities are invited to make your needs known to the 504/ADA Coordinator, Kim Thomas (757) 623-1111. Please give NRHA at least seven to ten days advance notice to meet your needs