Areas of Economic Opportunity in Virginia

Certain areas of the state have been designated as Areas of Economic Opportunity, also known as Federal Targeted Areas. To help stimulate economic growth within these areas, VHDA is permitted to relax certain program requirements. VHDA may:

      • raise the maximum allowable income and sales price limits; and
      • waive the first-time homebuyer restriction.*

Select one of our new features below to learn more.

ArrowGeographic Look-up and Federal Targeted Area Search
This new tool enables future homeowners and mortgage professionals to determine if a property is located within one of Virginia's Federal Targeted Areas.

ArrowFederal Targeted Area Map
Illustrated views of Virginia's Federal Targeted Areas.
ArrowGlossary of Geographic Terms
 Don't know what a "Three-Year Rule " or "Census Tract" is? Find out here.

* Mortgage applicants may not have held an ownership interest in a principal residence within the past three years. This applies to VHDA's 1st-time homebuyer programs (Mortgage Revenue Bond) unless a property is located within a Federal Targeted Area.