Hampton Roads Loan Fund Partnership

The HRPDC is a Regional Administrator for down payment and closing cost assistance (DPA) funds from the Virginia Department of Housing and Community Development  (DHCD) through the Hampton Roads Loan Fund Partnership (HRLFP). These funds are part of the HUD HOME program, and their use is conditioned by federal regulations as well as DHCD program policies. The HOME Program assists eligible first-time homebuyers with down payment and closing cost assistance in the form of a forgivable, no interest and no monthly payment “soft second” mortgage loan with a principal residence requirement, affordability period, forgiveness term, recapture restrictions, and refinance restrictions.

The HRLFP supports local community development goals by targeting neighborhoods and demographic populations that are historically underserved by mortgage lenders and traditional homeownership programs. All HRLFP loan recipients are first-time homebuyers, two-thirds are racial minorities, and about half are female-headed single-parent families.

HRLFP Partner Organizations

The HRLFP is a group of local government agencies, nonprofit housing providers and mortgage lenders. Combining local, state and federal resources, the HRLFP has provided low interest mortgages and down payment assistance since beginning operations in January 1997.

Current HRLFP partner organizations and participating lenders include:

Partner organizations also ensure that the applicant is scheduled to attend a Virginia Housing-approved homeownership course. When screening is complete, the partner organization notifies the Regional Administrator to ensure funding availability, then refers the applicant to a participating lender. The lender qualifies the buyer for a specific sales price limit, completes the loan application and forwards the application package to Virginia Housing for approval. Virginia HOME fund loans for down payment and closing cost assistance are approved and provided through the Regional Administrator.

Service Areas

Assistance is Available in the following areas:

For information regarding other areas see below:


Norfolk Redevelopment & Housing Authority
HOME Investment Partnership Program
HomeNet Program

Suffolk Redevelopment and Housing Authority
Contact: Anita Jackson

Newport News
Newport News Redevelopment and Housing Authority
Contact: Karen Johnson

Hampton Redevelopment and Housing Authority
Contact: Sherri Payton

Virginia Beach

There is no program available for Virginia Beach at this time.

Program Description

How HRLFP works:

Potential loan applicants are identified and screened by one of the HRLFP’s partner organizations (Local Administrator). The screening process varies depending on the service capabilities of the partner organization.

Buyer Eligibility

Property Eligibility