Programs and Services

VHDA offers a variety of creative financing programs and helpful services to the state’s citizens. These include:

Single Family Loan Programs
VHDA has several home mortgage loan programs for potential low- and moderate-income homebuyers. While most loan programs are aimed at first-time homebuyers, a few new programs have been developed to meet the needs of current homeowners. For the most part, these loans are originated by private lenders. Also through our single family division, the housing authority offers a free Homeownership Education Program year-round throughout the state. All potential homebuyers are encouraged to take this award-winning, comprehensive course prior to beginning their homebuying process. The course teaches participants the steps involved in buying a home and helps create more knowledgeable consumers. For a complete listing of class sites, dates and times, go to the Homeownership Education Classes page.

Multifamily Loan Products
These products provide mortgage loans to developers, primarily for multifamily rental projects for low-and moderate-income tenants. VHDA also administers the federal Low-income Housing Tax Credit Program.

Multifamily Special Programs
VHDA administers the federal Section 8 rent subsidy programs, which distribute approximately $55 million in federal rent subsidies yearly. The authority also administers a moderate rehabilitation program.

Virginia Housing Fund
The Virginia Housing Fund provides loans for multifamily housing that will serve low-and moderate-income Virginians in hard-to-serve situations or locations. The fund targets households with incomes from 50 to 60 percent of the local area median income and is designed to reach populations that would otherwise not be reached.

Virginia Housing Partnership Fund
VHDA administers aspects of this program for the state Department of Housing and Community Development.