Developer Programs
This is the complete list of all programs available to encourage developers
to invest in property throughout the city. For complete details
and information on participation in these programs, contact
the organization directly.
Virginia Housing Development Authority (VHDA)
Multifamily Developer Program
For more than 30 years, VHDA has been financing, servicing and managing multifamily housing and processing and disbursing subsidies.
The multifamily loan portfolio contains more than 1,100 closed loans. Additionally, the Multifamily Division administers more than
$75 million in annual project based federal subsidy contracts, about $55 million in annual tenant based subsidy contracts and $13.5
million in annual federal Low-Income Housing Tax Credit Allocations. Applicants are encouraged to use the Multifamily Developer Funding containing complete lending parameters. Applications may be found on the VHDA web site or mailed upon request.
You may direct all requests and questions to VHDA multifamily division at (804) 782-1986. |