Overview
The Virginia Housing Development Authority is a $6.6 billion housing finance agency that holds the highest general obligation bond ratings awarded any such organization in the nation. VHDA is completely self-supporting and does not rely on federal or state funds for its operations. All funds that support VHDA’s lending programs are provided by the private sector through the purchase of the authority’s bonds. The bonds do not constitute a debt or obligation of the commonwealth. VHDA’s programs have a fourfold purpose:
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to produce sound housing for as many low- and moderate-income Virginians as possible.
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to distribute capital resources equitably throughout the commonwealth.
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to contribute to the economic growth and physical improvement of Virginia’s communities.
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to operate in such a manner that all low- and moderate-income Virginians have equal opportunity to benefit from our products and services.
