VHDA INCREASES CONSUMER LOAN LIMITS FOR
FLEXIBLE ALTERNATIVE PRODUCTS

RICHMOND, Va. (Dec. 11, 2002) – Today, VHDA announced an increase in loan limits for its Flexible Alternative loan programs to $322,700 from $300,700. This change reflects the increased industry conforming limit for conventional loans.
These higher limits are effective immediately for loan reservations, however loans utilizing these higher limits may not close until Jan. 1, 2003.
VHDA is Virginia’s housing finance agency and is self-supporting. VHDA issues bonds to raise private capital to provide low-interest rate loans to consumers to purchase or renovate homes and loans to developers for the development, rehabilitation and renovation of rental units to deliver safe, decent, affordable housing.

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