RRHA Homeownership Programs (ComeHome / Neighborhood Homeownership Initiative / Greenwalk)

RRHA Homeownership Programs (ComeHome / Neighborhood Homeownership Initiative / Greenwalk) is down payment assistance for homebuyers in Richmond, Virginia, administered by Richmond Redevelopment & Housing Authority (RRHA). RRHA's homeownership initiative sells renovated, affordable single-family homes to first-time and low-to-moderate-income buyers in targeted Richmond neighborhoods. Through the Neighborhood Homeownership Initiative and Greenwalk programs, RRHA acquires and renovates homes that are sold to households earning below 80% of AMI, while the ComeHome program helps RRHA public-housing residents and voucher holders transition to ownership. Below-market purchase of renovated single-family homes. Energy-efficient EarthCraft-certified homes (Greenwalk). Pathway to ownership for public-housing residents and voucher holders (ComeHome). Neighborhood revitalization. Funding comes from Federal and private funds (historically HUD HOPE VI, HOME, CDBG); program sells RRHA-renovated homes.

RRHA Homeownership Programs (ComeHome / Neighborhood Homeownership Initiative / Greenwalk) is down payment assistance and is repaid under the terms set by Richmond Redevelopment & Housing Authority (RRHA). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

RRHA Homeownership Programs (ComeHome / Neighborhood Homeownership Initiative / Greenwalk) is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. Residency requirement: ComeHome is limited to RRHA public-housing residents and voucher holders; NHI/Greenwalk homes are in specific Richmond neighborhoods (Randolph/Maymont, Highland Park, Southside, Blackwell). RRHA's active homeownership programs are ComeHome (2023-present, for RRHA residents/voucher holders), the Neighborhood Homeownership Initiative (119 renovated homes for buyers <80% AMI), and Greenwalk (EarthCraft homes for first-time buyers <80% AMI). Distinct from the City of Richmond HOME Homeownership program. GAPS: per-unit assistance amount, interest rate, loan term, forgiveness terms, recapture, credit score, DTI, homebuyer-education requirement, max purchase price, participating lenders, and full income-limit table by household size are not published — confirm directly with RRHA at (804) 780-4200.

RRHA Homeownership Programs (ComeHome / Neighborhood Homeownership Initiative / Greenwalk) limits household income to 80% of the area median income, which varies by county and household size. Neighborhood Homeownership Initiative and Greenwalk homes are sold to households with incomes below 80% of Area Median Income. Full income-limit table by household size not published (confirm 80% AMI dollar limits for the Richmond, VA MSA with RRHA). ComeHome is restricted to current RRHA public-housing residents and Housing Choice Voucher holders. The limit applies to total household income, not only the borrower&rsquo;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.

RRHA Homeownership Programs (ComeHome / Neighborhood Homeownership Initiative / Greenwalk) can be used for Single Family. New construction is not eligible. Manufactured homes are not eligible.

RRHA Homeownership Programs (ComeHome / Neighborhood Homeownership Initiative / Greenwalk) serves homebuyers purchasing in Richmond, Virginia. The program targets specific areas: Randolph/Maymont, Highland Park, Southside, Blackwell, and Randolph neighborhoods of Richmond.

Applications for RRHA Homeownership Programs (ComeHome / Neighborhood Homeownership Initiative / Greenwalk) go through Richmond Redevelopment & Housing Authority (RRHA), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.