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Multifamily Developers

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Multifamily Loan Application and Guides

Here is where you will find some of the more frequently requested VHDA multifamily publications.

 
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Search Multifamily Rental Properties for Sale

Want to buy an apartment or townhouse complex? Preview properties for sale throughout Virginia.

 
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Check Multifamily Rates

Researching loan rates? Review current rates for our taxable, tax-exempt and REACH/SPARC loans.

 

VHDA retains all multifamily loan origination, bond issuance, servicing, asset management and compliance functions in-house.

Our interdisciplinary team of experts is focused on providing turnkey convenience - supplying all the resources to help make your project a success.

Underwriting and Loan Processing – Originates and underwrites new loans; also refinances existing VHDA loans.

Design and Construction – Provides quality control throughout the construction process including design review, technical assistance and on-site inspections.

Legal – You will be represented by your own legal counsel; however, our in-house attorneys will manage the closing process at no additional cost to you.

Compliance & Asset Management – Monitors the financial and physical performance of properties and ensures that tenant income eligibility requirements are followed in accordance with VHDA loan programs and HUD and IRS requirements that VHDA may be responsible for monitoring. This is accomplished through the periodic inspections of the properties and routine compliance file audits by VHDA staff. Additionally, this department is responsible for the administration of the VHDA Certified Management Agent Program.

Servicing – Your loan will be serviced in-house and you always have easy access to your loan status though the online Borrower Inquiry System or through our professional staff.

Housing Credits - The federal Low-Income Housing Tax Credit (LIHTC) program is sponsored by the U.S. Treasury Department and authorized under Section 42 of the IRS Code of 1986. The program, administered in Virginia by VHDA and includes both 4% and 9% credits, encourages the development of affordable rental housing by providing owners a federal income tax credit. It also provides incentive for private investors to participate in the construction and rehabilitation of housing for low-income families.

 

Multifamily Loan Program Updages

 

LIHTC Program Updates and Announcements

 

Upcoming Classes & Events

 

Contact Us

Compliance & Asset Management Staff

Multifamily Development Staff

 

Multifamily Servicing Staff

 

Tax Credit Allocation 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
Email: InternalAudit@vhda.com
Website: Reporting Fraud, Waste or Abuse