Back to VHDA Home
Follow VHDA LinkedIn Facebook YouTube RSS Feed Google+ VHDA Blog
Español | Text Size: A- A  A+ | Text Only | Print Print

SPARC Multifamily Rental Programs

VHDA’s SPARC (Sponsoring Partnerships and Revitalizing Communities) Multifamily Rental Housing program is an uninsured loan designed to facilitate the construction or acquisition and/or rehabilitation of multifamily rental housing.

Multifamily SPARC provides low-interest rate financing to rental projects that address Virginia's most critical housing needs and meet the program's specific eligibility requirements. The program focuses on affordable rental housing for:

  • Frail Elderly
  • Homeless
  • People with disabilities.
  • Preservation
  • Revitalization

The SPARC Rental program is funded by REACH Virginia subsidy funds. This funding provides low, fixed-rate, long-term permanent financing for rental housing. The terms are flexible and the pricing is fixed at a rate lower than the market rate, but higher than some direct government financing products. 

 

NOTE: You will need Adobe’s Acrobat Reader (.pdf), Microsoft Word Viewer (.doc), Microsoft Power Point Viewer (.ppt), or Microsoft Excel Viewer (.xls) in order to view some of the documents on this page.

Contact Us

Chris Hilbert

Strategic Markets Development Manager
Phone: 804-343-5741
chris.hilbert@vhda.com

 

Customer Service

Toll Free: 877-VHDA-123
Local: 804-782-1986

 

Virginia Relay

In Virginia: 711
Toll Free: 800-828-1140

 

VHDA Fraud, Waste or Abuse Hotline

Phone: 804-915-3146
Email: InternalAudit@vhda.com
Website: Reporting Fraud, Waste or Abuse