The purpose of the Henrico County Employee Home Purchase Assistance Program (EHPAP) is to assist eligible County employees with the purchase of their first home. Rising home prices throughout the region have made homeownership less affordable for a substantial number of employees, especially first-time homebuyers.

EHPAP provides up to $25,000 in down payment and closing cost assistance, in the form of an interest-free forgivable loan, for the purchase of a home within Henrico County. To have the full loan amount forgiven, employees must: maintain full-time employment with the County and occupy the home as their primary residence for a period of five years from the purchase date. If these conditions are not met, the employee will be obligated to repay any remaining unforgiven loan balance.

• Must be a full-time permanent employee of Henrico County Government, Henrico County Public Schools, or a Henrico County constitutional officer (Sheriff’s Office, Commonwealth Attorney, etc.)

• Must have a minimum of 12 months of consecutive full-time service

• Must have a performance appraisal rating of “acceptable” or better

• Must be a first-time homebuyer (must not currently own or have held any ownership interest in real estate within the last 5 years)

• Must have a minimum of $1,000 of personal funds to contribute to the purchase

• Must be free of outstanding judgments, liens, collections, etc., totaling more than $1,000

• Must be free of any bankruptcies within the last two years

• Must be free of any foreclosures within the last five years

• Must have total household assets that fall under the current program limit of $50,000 (updated Oct. 1, 2024)

• Must be purchasing a home located in Henrico County, VA

Gross household income must not exceed the following limits (updated Oct. 1, 2024):

• $92,760 for one-person household

• $140,000 for households of two or fewer

• $160,000 for households of three or more

The sales price of the home may not exceed $500,000.

Please note that household income must account for the income of ALL individuals aged 18 or older residing in the home, regardless of relationship or familial status.  Household income must account for all sources of income such as salary/wages, child support, retirement, alimony, Social Security, etc.