First Time Homebuyer Programs in Virginia
by:
Iola BonggayIn 1972, the Commonwealth of Virginia has constituted the establishment of the Virginia Housing Development Authority in an effort to respond to the needs of Virginians who seek quality, affordable housing.
Since it's establishment, the authority providing fixed, low-interest rate mortgages, primarily to first-time homebuyers and developers of quality rental housing.
In addition, the Virginia Housing Development Authority, more commonly referred to as VHDA, has also been assisting Virginians in ways other than the provision of mortgages. The authority has also been providing free homeownership classes and seminar sessions that help people with disabilities and the elderly make their homes more livable.
The VHDA is a self-supporting agency that does not use taxpayer funds to support their programs and initiatives. Instead, the VHDA raise money in the capital markets to fund their loans.
Among all of the first time homebuyer programs of the VHDA, the following are the most notable:
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First Time Homebuyer Programs in Virginia
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About The Author
Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs.
She also maintains Websites providing resources on environmental grants and grants for youth programs.
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Additional Resources
category - Home Buying Programs
Keystone Home Loan PLUS ProgramThe Pennsylvania Housing Finance Agency, otherwise termed as PHFA, is an independent agency established in year 1972 in an attempt to assist the provision of reasonable and affordable housing opportunities the elderly, persons and families of modest means, and people suffering from disabilities.
Construction Incentive Program for First Time Home Buyers in New YorkThe State of New York cares so much about its people. It looks out for them and constantly ascertains that their best interest is always protected. One of the ways in which the state has manifested this concern is through the establishment of the State of New York Mortgage Agency, more commonly referred to as SONYMA, which is a public authority established in 1970 designed to provide reasonable and affordable home-ownership opportunities to low and moderate income New Yorkers, especially to first time home buyers.
Rural Community Development InitiativeThe Rural Community Development Initiative can be awarded to legally qualified private, public, and tribal groups or organizations that have the experience and capability of providing training and technical assistance to nonprofit community-based housing and community development organizations, as well as low income rural communities.
Construction Incentive Program for First Time Home Buyers in New YorkUnder the State of New York Mortgage Agency, the Construction Incentive Program has been established. The goal of this program is to enable the construction of one and two family homes through the provision of funds, up to 97% of the value of the property, to eligible low to moderate income first time home buyers.