Lease/Purchase Homeownership
Participants in this program start by renting one of a limited number of RRHA-owned houses (listed below) for at least 6 months but no longer than two years. During this time, these households can work toward saving money for a down-payment, reducing debt, and repairing credit. Each is required to complete homeownership counseling with a HUD-certified homeownership counselor and will need to qualify for a home loan with a financial institution within the two-year time frame.
![LeasePurchase-Homeownership-Image-(3-15-21) Two young women looking at a](https://rkehousing.org/wp-content/uploads/2021/03/LeasePurchase-Homeownership-Image-3-15-21.png)
Lease/Purchase Qualifications
- $18,000.00 annual income for non-elderly/non-disabled
- For elderly or disabled, the annual income requirement is the full monthly amount of the Federal Supplemental Social Security Income (SSI) benefit for an individual living alone multiplied by twelve
- Good rental history
- Ability to purchase the home within two years
- Must be able to qualify for a mortgage from a lender
Current Properties Available
The following properties are available for purchase through this program:
- 1207 Melrose Ave., NW
- 1219 Melrose Ave., NW
- 505 21st St., NW
- 1720 Dupree St., NW
![1207 Melrose Ave NW. A two-floor light green house with a blue door.](https://rkehousing.org/wp-content/uploads/2021/03/1207-Melrose-NW-1024x803.jpg)
![1219 Melrose Ave NW. A tan two-floor house with a dark brown door.](https://rkehousing.org/wp-content/uploads/2021/03/1219-Melrose-Ave-NW-2-1024x768.jpg)
![1219 Melrose Ave NW. A tan two-floor house with a dark brown door.](https://rkehousing.org/wp-content/uploads/2021/03/1219-Melrose-Ave-NW-2-1024x768.jpg)
![1219 Melrose Ave NW. A tan two-floor house with a dark brown door.](https://rkehousing.org/wp-content/uploads/2021/03/1219-Melrose-Ave-NW-2-1024x768.jpg)
Current Properties Available
The following properties are available for purchase through this program:
- 1207 Melrose Ave., NW
- 1219 Melrose Ave., NW
- 1924 Melrose Ave., NW
- 505 21st St., NW
- 1720 Dupree St., NW
![1207 Melrose Ave NW. A two-floor light green house with a blue door.](https://rkehousing.org/wp-content/uploads/2021/03/1207-Melrose-NW-1024x803.jpg)
![1207 Melrose Ave NW. A two-floor light green house with a blue door.](https://rkehousing.org/wp-content/uploads/2021/03/1207-Melrose-NW-1024x803.jpg)
![1207 Melrose Ave NW. A two-floor light green house with a blue door.](https://rkehousing.org/wp-content/uploads/2021/03/1207-Melrose-NW-1024x803.jpg)
![1219 Melrose Ave NW. A tan two-floor house with a dark brown door.](https://rkehousing.org/wp-content/uploads/2021/03/1219-Melrose-Ave-NW-2-1024x768.jpg)
![1219 Melrose Ave NW. A tan two-floor house with a dark brown door.](https://rkehousing.org/wp-content/uploads/2021/03/1219-Melrose-Ave-NW-2-1024x768.jpg)
![1219 Melrose Ave NW. A tan two-floor house with a dark brown door.](https://rkehousing.org/wp-content/uploads/2021/03/1219-Melrose-Ave-NW-2-1024x768.jpg)
![1924 Melrose Ave NW. A beige house with a green door.](https://rkehousing.org/wp-content/uploads/2021/03/1924-Melrose-Ave-NW-5-1024x768.jpg)
![1924 Melrose Ave NW. A beige house with a green door.](https://rkehousing.org/wp-content/uploads/2021/03/1924-Melrose-Ave-NW-5-1024x768.jpg)
![1203 Melrose Ave N.W.](https://rkehousing.org/wp-content/uploads/2021/03/1203-Melrose-Ave-N.W.-1024x768.jpg)
![1203 Melrose Ave N.W.](https://rkehousing.org/wp-content/uploads/2021/03/1203-Melrose-Ave-N.W.-1024x768.jpg)
![2008 Melrose Ave NW. A beige house with a blue door.](https://rkehousing.org/wp-content/uploads/2021/03/2008-Melrose-Ave-NW-1024x768.jpg)
![2008 Melrose Ave NW. A beige house with a blue door.](https://rkehousing.org/wp-content/uploads/2021/03/2008-Melrose-Ave-NW-1024x768.jpg)
Click here to download an application. Applications must be completed in their entirety. Incomplete applications will be returned to sender. For items that don’t apply, please indicate with N/A.
Completed and signed applications may be submitted by email to fgusler@rkehousing.org, dropped off in person at the Central RRHA office, or returned by mail to:
City of Roanoke Redevelopment and Housing Authority
Attn: Lease Purchase Homeownership Program
2624 Salem Turnpike, NW
Roanoke, VA 24017
Please send any questions or requests for information to fgusler@rkehousing.org