VHDA Programs For First Time Homebuyers and MoreVHDA the Virginia Housing Development Authority was instituted in 1972 to help low to moderate families find affordable options for financing a home.The federal definition of First Time Homebuyer is anyone that has not owned a primary residence in the past 3 years. The difference between the VHDA programs and those on the Open Market is where VHDA gets their money. VHDA is a bond program. With the Bond program comes additional res [...]