Three strategic goals served as the foundation of VHDA's business planning beginning July 1, 2008:
1. Address the housing needs of underserved households by increasing affordable housing opportunities for low- and moderate-income households, underserved minority populations and people with disabilities and the frail elderly.
2. Address the housing needs of communities by ensuring an ongoing inventory of affordable housing that supports strong, viable communities.
3. Sustain organizational capacity by strengthening VHDA’s ability to provide affordable housing.
In 2009, we refocused our planning efforts on profound historic changes in the real estate and mortgage industries that have significantly impacted the operations of all housing-related organizations, including VHDA. While our core strategic goals remain unchanged, we are responding to current challenges by focusing on three critical priorities:
1. Delivering our core programs and services.
2. Managing our portfolio and compliance risks.
3. Managing subsidies in support of our mission.
Today, VHDA continues to prudently manage risks and quickly adapt our programs to respond to rapidly changing market conditions. We actively manage underwriting criteria and monitor results from our existing portfolio.
FY08-10 Strategic Plan
