Bi-monthly homebuyer seminars are normally held at the Hampton Public Library. Representatives from various mortgage institutions, credit bureaus, realty companies, community agencies, etc. present material on budgeting, down payment, credit and closing costs expected when purchasing a home. Various informative handouts are made available to participants.
Successful participants receive VHDA certificates.
314 for more information. Families selected to participate in the program from our public housing communities sign a Contract of Participation, outlining their goals toward self-sufficiency. Upon successful completion of their contracts, residents are provided the opportunity to purchase their house. Proceeds from sales will be used to acquire and rehabilitate additional properties. In addition, five program participants purchased homes in the private market.