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Types of Multifamily Financing

Affordable housing is needed at many different income levels. We have products that are intended to serve different income groups across the spectrum.


Area Median Income   Workforce Housing Spectrum
  Workforce Housing Spectrum Workforce Housing Spectrum


All of our loans are funded with taxable bonds, tax-exempt bonds, as well as some internally generated funds (REACH Virginia) that can be standalone financing or layered with one another.

Each year, VHDA reinvests a portion of our net revenues into Virginia’s communities through REACH Virginia (Resources Enabling Affordable Community Housing in Virginia). This is a multifaceted resource that VHDA uses to support vital housing initiatives through our Homeownership, Rental and Community Outreach programs, including:

  • Affordable housing for lower-income households, the homeless and residents of high growth and/or high cost regions.
  • Accessible housing for seniors and people with disabilities.
  • Revitalization of older urban areas and preservation of small towns.

VHDA’s Strategic Housing Financing group focuses on lending associated with special tenant populations that are harder to serve such as low-income, homeless or disabled individuals. View Rental Housing REACH Program Requirements for more information.


For more information on how to apply, see Loan Applications  

More Information





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Multifamily Loan Program Updages


Contact Us

Multifamily Development Staff


Multifamily Servicing Staff


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
Website: Reporting Fraud, Waste or Abuse