Scroll down for infographics showing VHDA’s impact in FY17 for Homeownership, Rental Housing and Homeownership Education.
As an independent authority, VHDA receives no state tax dollars for its programs and operations. Traditionally, we have raised capital through the issuance of bonds. However, because of the federal government’s intervention in the mortgage markets, VHDA has been raising capital by securitizing most of its homeownership loans through Ginnie Mae and Fannie Mae. The multifamily program continues to be financed through bonds.
Each year, VHDA contributes a large portion of our net revenues into a program we call REACH Virginia. We dedicate this money to help meet critical housing needs across Virginia: providing grants to housing counselors, revitalizing communities, making homes more accessible, helping first-time homebuyers make their down payment, helping our nonprofit partners increase their capacity, providing shelter for homeless individuals, and much more.
You can also view VHDA's current leadership.
Since our creation in 1972 by the Virginia General Assembly, VHDA has helped Virginians attain quality, affordable housing through public-private partnerships with local governments, community service organizations, lenders, Realtors, developers and many others. We provide mortgages for first-time homebuyers, as well as financing for apartment communities and neighborhood revitalization efforts. We offer free homebuyer classes, support housing counseling, and help people with disabilities and the elderly make their homes more livable. We also administer the federal Housing Choice Voucher and Housing Credit programs in Virginia. VHDA is self-supporting and receives no state taxpayer dollars to fund its programs. Instead, we raise money in the capital markets, and we contribute a significant portion of our net revenues each year to help meet Virginia’s housing needs.
Offices in Richmond (headquarters), Glen Allen and Wytheville, Va.
Learn more at vhda.com:
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