New Homeward Norfolk Program Provides $20,000 to First-Time Homebuyers in Norfolk

For More Information: 

 

Saliya Hinton

shinton@nrha.us

(757) 314-2009

For Immediate Release
Release Date: 
Mon, 04/22/2019

 

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%- 120% AMI

$42,000- $63,000

$48,000- $72,000

$54,000- $81,000

$60,000- $90,000

$64,800- $97,200

$69,600- $104,400

$74,400- $111,600

$79,200- $118,800

 

 

 

 

 

 

 

About NRHA: 

 

Founded in 1940, NRHA is a national leader in community revitalization and fostering sustainable mixed-income communities.  As the largest redevelopment and housing authority in Virginia, NRHA is an important driver of the local economy.

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