hey prescott.
See what you qualify for

Danville Redevelopment & Housing Authority - Housing Choice Voucher Homeownership Program

Danville Redevelopment & Housing Authority (DRHA) · Danville, Virginia

Last verified
See what you qualify forOfficial program site →

What is Danville Redevelopment & Housing Authority - Housing Choice Voucher Homeownership Program?

Danville Redevelopment & Housing Authority - Housing Choice Voucher Homeownership Program is down payment assistance for homebuyers in Danville, Virginia, administered by Danville Redevelopment & Housing Authority (DRHA).

  • DRHA's Housing Choice Voucher Homeownership Program lets eligible Section 8 voucher families use their voucher to pay monthly homeownership expenses (mortgage, taxes, insurance, utilities, maintenance) instead of rent. Open to first-time homeowners who meet minimum income and full-time employment requirements and complete DRHA pre/post-purchase counseling. Assistance term is generally up to 15 years (10 years for shorter mortgages); not a down-payment grant.
  • Voucher applied to monthly mortgage/homeownership expenses.
  • Up to 15-year assistance term.
  • No time limit for elderly/disabled households.
  • Portable to other PHAs administering the option.
  • This is a federal program, so it is available beyond a single state or city.
  • Funding comes from HUD Housing Choice Voucher (Section 8) program - 24 CFR Part 982.

Do you have to pay it back?

Danville Redevelopment & Housing Authority - Housing Choice Voucher Homeownership Program is down payment assistance and is repaid under the terms set by Danville Redevelopment & Housing Authority (DRHA).

  • Repayment is triggered by If family sells or refinances within 10 years of commencement of assistance, some homeownership assistance is subject to recapture.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Danville Redevelopment & Housing Authority - Housing Choice Voucher Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: No ownership interest in a residence for at least 3 years.
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through DRHA pre- and post-assistance homeownership counseling.
  • Residency: Must hold a Danville HCV voucher; may purchase outside jurisdiction only if a PHA there administers a homeownership program.
  • Citizenship or immigration status: Standard HCV citizenship/eligible-immigration rules
  • DRAFT (dpa-gap-finder 2026-06-12): pending review. GAP NOTES: This is a HUD HCV (Section 8) homeownership option, NOT a down-payment-grant program - included as a distinct Danville homebuyer assistance program (assistance_type 'other'). eligible_disability true (enhanced terms: no time limit and relaxed income/employment rules for disabled households). Requires an active Danville HCV voucher. Monthly HAP subsidy - no fixed dollar assistance amount. Some income figures on the page appear dated.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Danville Redevelopment & Housing Authority - Housing Choice Voucher Homeownership Program sets its income limit as follows: Minimum income required: qualified annual income of adult owner(s) at least federal minimum wage x 2,000 hrs. Must be a current HCV voucher holder.

  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Is there eligibility for specific groups?

Danville Redevelopment & Housing Authority - Housing Choice Voucher Homeownership Program names buyers with disabilities among the groups it serves.

  • Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Danville Redevelopment & Housing Authority - Housing Choice Voucher Homeownership Program is a federal program, so it is not limited to Virginia.

How do you apply?

Applications for Danville Redevelopment & Housing Authority - Housing Choice Voucher Homeownership Program go through Danville Redevelopment & Housing Authority (DRHA), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through DRHA pre- and post-assistance homeownership counseling..

  2. Contact Danville Redevelopment & Housing Authority (DRHA) to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

Other programs in Danville, Virginia

See every program in Danville, Virginia →

90-second match

Not sure which you qualify for?

Answer 9 questions and we'll match you to every program you can actually use — in about 90 seconds. No SSN, no credit pull.

Find my programs