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Each year, the County of Henrico allocates Community Development Block Grant (CDBG) funds, HOME Program funds, and local County funds to a variety of programs designed to assist first-time low-to-moderate income homebuyers with down payment and closing costs, as well as current homeowners in need. The County of Henrico provides support to several nonprofit organizations that administer these programs on its behalf. In alignment with the County of Henrico’s Annual Action Plan, each program seeks to provide funding that contributes to the enhancement and maintenance of an improved quality of life for all County residents. All properties served under these programs must be located in Henrico County. Income limits and other eligibility criteria apply.
Moderate Homeowner Rehabilitation Program
Henrico offers housing assistance programs with the aim of enabling current homeowners to continue living in their homes. This is intended to help preserve affordable housing and enhance existing neighborhoods.
The Moderate Homeowner Rehabilitation Program is designed to enhance the long-term livability of homes by undertaking substantial home improvements, with the goal of bringing a home up to U.S Department of Housing and Urban Development’s (HUD) Housing Quality Standards (HQS) or Uniform Property Condition Standards (UCPS). It is designed to address a range of issues including health, safety, and security concerns, as well as system upgrades and accessibility improvements. This program offers assistance to low- to moderate-income homeowners who are elderly (62+) and/or disabled. Since 2020, the County has assisted 50 households through the Moderate Homeowner Rehabilitation Program. The administration of this program is overseen by project:HOMES on behalf of the County.
Moderate Homeowner Rehabilitation Minimum Eligibility Requirements:
- Homeowner(s) must be elderly (62 years old or older) and/or permanently disabled
- Homeowner(s) must have enough equity in the property to support a lien for the cost of work completed under the program, typically at least $50,000. Equity available is considered to be the current assessed value of the home unless any other liens are held against the property such as first or second mortgage (current payoff amount) or any other judgements.
- Meet income limit based on household size (80% or below AMI)
- Have owned and occupied home for at least 24 months
- Be current on any accounts with Henrico County (utilities, personal property taxes, real estate taxes, etc.)
- Have a current homeowner’s insurance policy
- Have assets less than $50,000, not including the value of the principal residence
- Properties where the current assessed value exceeds $359,000 are not eligible
Critical Home Repairs
Henrico also provides funding for critical repairs to owner-occupied homes for individuals or households who meet income eligibility requirements and is not limited to elderly or disabled persons. These repairs address the repair or replacement of exterior or interior items that pose an imminent threat to the health, safety, and/or security of those living in the home. Repair assistance up to $10,000 can be provided. This program is administered for the County by project:HOMES. A program to address serious, active roof leaks is managed by Richmond Metropolitan Habitat for Humanity. The Critical Home Repair programs assist approximately 60 low-income homeowners each year.
Critical Home Repair Minimum Eligibility Requirements:
- Meet income limit based on household size (80% or below AMI)
- Have owned and occupied home for at least 24 months (5 years for RMHFH Critical Roof Repair Program)
- Be current on any accounts with Henrico County (utilities, personal property taxes, real estate taxes, etc.)
- Have a current homeowner’s insurance policy
- Have assets less than $50,000, not including the value of the principal residence
- Properties where the current assessed value exceeds $359,000 are not eligible
Assisting First-time Homebuyers
Henrico utilizes CDBG and HOME funds to assist low- and moderate-income persons to purchase their first home in Henrico County. Funding is provided and administered by two non-profit organizations: Southside Community Development and Housing Corporation and Housing Opportunities Made Equal, which provide housing purchase counseling, homebuyer education, and financial assistance for down payment and closing costs.
Down Payment and Closing Cost Assistance Minimum Eligibility Requirements:
- Meet income limit based on household size (80% or below AMI)
- Have 1% of the purchase price to contribute to the purchase of the home
- Be able to qualify for a mortgage
- Properties where the current assessed value exceeds $359,000 are not eligible
- Applicants shall be denied assistance if they have assets in excess of 10 percent of the sales price of the property or in excess of $30,000
Assistance Program
The Department of Community Revitalization’s Assistance Program is a needs-based service that provides limited support to low-income homeowners who are elderly or permanently disabled and need help to resolve a maintenance or environmental code violation. The program assists with minor property maintenance issues such as trimming shrubbery, hedges, and overgrowth; disposing of trash and debris; and one-time lawn maintenance. This service does not provide any plumbing, electrical, mechanical, or structural repairs. All work is done within the property’s front, rear, and side yards.
Assistance Program Minimum Eligibility Requirements:
- Meet income limit based on household size (80% or below AMI)
- Homeowner(s) must be elderly (62 years old or older) and/or permanently disabled
- Must own property and live there full-time
- Be able to document a physical and financial hardship
For more information regarding how to apply and eligibility requirements, please call (804) 501-7628 or (804) 501-7632 to speak with one of our Community Revitalization Specialists.
Current federal income limits as of June 1, 2024
FY 2024 Limits Richmond, VA MSA
Effective May 1, 2024 (CDBG) and June 1, 2024 (HOME)
Income limits are based on household size:
1 Person – $61,800
2 Person – $70,600
3 Person – $79,450
4 Person – $88,250
5 Person – $95,350
6 Person – $102,400
7 Person – $109,450
8 Person – $116,500
To qualify for any program, you will be required to submit documentation showing that you meet program criteria. This will include providing tax forms, pay stubs, bank account statements, SSI/SSDI benefit statements, and other documentation.
Download a brochure of Homeowner and Homebuyer Assistance programs.
Revised April 2025
