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.
NRHA Mission is to demystify the home buying process and empower participants to make informed decisions during the often complex home buying process.
NRHA Customers are prospective home buyers who choose Norfolk as the place to make their dream of home ownership a reality.
NRHA Benefits include a “one-stop shop” to facilitate individual goals in achieving home ownership:
HomeNet, a component of the Norfolk Redevelopment and Housing Authority
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.
Norfolk Homenet Programs
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.
201 Granby Street • Norfolk, Virginia 23510-1816
P: 757.623.1111 • F: 757.314.2105 • TDD 800.545.1833
Follow NRHA on Twitter http://twitter.com/NRHANorfolk
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.