Compliance & Asset Management Overview

Virginia Housing’s Compliance & Asset Management department:

• Monitors properties that receive Low-Income Housing Tax Credit (LIHTC) for compliance with IRS guidelines.
• Monitors properties that receive tax-exempt bond financing through Virginia Housing for compliance with IRS income occupancy restrictions.
• Ensures owner’s compliance with HUD Section 236/RAP program guidelines.
• Monitors properties that receive Virginia Housing taxable bond or other Virginia Housing financing sources for compliance with Virginia Housing rules and regulations.
• Serves as Contract Administrator of HUD Section 8 Project-based subsidy contracts.
• Educates owners and managers on program requirements monitored by Virginia Housing.  

HDS NextGen

Required Web Browser: Google Chrome is the required web browser. The system upgrade will not operate using other web browsers (Internet Explorer, Firefox, Safari, etc.).

Best Practice: Users must logout of the HDS NextGen Application instead of clicking the "x" to close the Google Chrome web browser.

If you receive the error message "Not an Authorized User" after working in the system,

1. Click on your name in the upper right corner of the screen,
1. Choose log out
2. Close your browser, then
3. Log into HDS NextGen

Following these steps should restore the application menu options and the system should be fully functional. If you continue to receive the error message or cannot access menu options in HDS NextGen, contact us at HDSAdmin@VirginiaHousing.com. Please include your site number and site name in the email subject line.

Electronic Upload Requirements: The XML extension used to electronically submit tenant activity to HDS NextGen must be at version 5.0 or higher. Please confirm with your property management software vendor that your system has the proper version

HDS NextGen Resources 

Review the links for HDS NextGen guidance. Updates will be shared via email. Sign up for Virginia Housing Updates.

• HDS NextGen: Registration
• HDS NextGen: Logging In and Navigation
• HDS NextGen: Adding a Unit
• HDS NextGen: Creating a Tenant Income Certification (TIC)
• HDS NextGen: User Guide (PDF)
• HDS NextGen: Virtual Training Questions & Responses - April 2021 (PDF)
• HDS NextGen: Virtual Training Recording - April 2021

Send site specific questions or inquiries about program requirements to Compliance-AssetManagement@VirginiaHousing.com. Include your assigned Compliance Officer on the email. Include the property name and details on the inquiry in the email subject line. Send HDS NextGen system questions to HDSAdmin@VirginiaHousing.com

NOTE: You will need Adobe’s Acrobat Reader (.pdf), and/or Microsoft Office Software in order to view some of the documents on this page.