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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 Virginia Housing 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 loans.


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

The Rental Housing Division originates and services multifamily and strategic market rental loans, monitors the compliance and operation of the rental portfolio, and administers the federal low-income housing tax credit program. Virginia Housing retains all multifamily loan origination, bond issuance, servicing, asset management and compliance functions in-house.

Underwriting and Loan Processing – We originate and underwrite new loans and also refinance existing Virginia Housing 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 Virginia Housing loan programs and HUD and IRS requirements that Virginia Housing may be responsible for monitoring. This is accomplished through the periodic inspections of the properties and routine compliance file audits by Virginia Housing staff. Additionally, this department is responsible for the administration of the Virginia Housing 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 Virginia Housing 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


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


Virginia Housing Fraud, Waste or Abuse Hotline

Phone: 804-915-3146
Website: Reporting Fraud, Waste or Abuse