Strengthening Norfolk’s neighborhoods. One person, one home, one dream at a time.
HomeNet, a component of the Norfolk
Redevelopment and Housing Authority (NRHA)
is a full-service home ownership center who partners with local lending institutions, attorneys, housing developers, realtors, and local, federal and state housing agencies to assist prospective home buyers avail the dream of home ownership.
Our Mission is to demystify the home buying process and empower participants to make informed decisions during the often complex home buying process.
Our Customers are prospective home buyers who choose Norfolk as the place to make their dream of home ownership a reality.
Our Benefits include a “one-stop shop” to facilitate individual goals in achieving home ownership:
- Development of Strategic Plan to Overcome Home ownership Obstacles
- Comprehensive Credit Counseling
- Pre- and Post-Purchase Home buyer Counseling
- VHDA-approved First-Time Homebuyer Education Class
- 16-Month Homebuyer Club
- Qualified Lenders, Realtors & Attorneys
- New Construction Homes
- SPARC Interest Rate Discount (Up to 1% on a VHDA mortgage loan)
Note: Although HomeNet homebuyers are encouraged to make a VHDA loan, they are not required.
- SPARC (Sponsoring Partnerships and Revitalizing Communities) Program
The SPARC program, created by Virginia Housing Development Authority, provides below market-rate loans for first-time homebuyers. SPARC funding encourages partnerships among local governments, redevelopment and housing authorities, non-profit advocates, and for-profit developers. Through SPARC, homebuyers can receive a .5% or 1% reduction in mortgage interest rate.
- Homeownership Education
Since 1997, HomeNet has been demystifying the home buying process for hundreds of residents. We offer classes in homeownership education both monthly and through our 16-month homebuyers club. Topics include, understanding your credit, choosing a real estate agent, the role of the lender, why you may want a home inspection, protecting your investment from predators, and foreclosure prevention.
To register or obtain a class schedule, please call 757.623.0458.
- Virginia Individual Development Account Program (VIDA)
VIDA is a special savings account program for low-income households that triples participant’s savings to be used toward home ownership: VIDA matches $2 for every $1 you save in a VIDA account. Matching funds are limited to $4,000 per participant with a maximum of two participants per household.
- About NRHA
- Meet Our Team
- Statistical Summary
- Frequently Asked Questions
- Freedom of Information Act
- News and Events