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How is the Virginia Housing Development Authority Vhda funded?

Virginia Housing is self- supporting. No federal or state tax dollars are received by Virginia Housing for the funding of its lending programs. Substantially all the funds for Virginia Housing programs are provided by the private sector through the purchase of Virginia Housing Development Authority bonds.

How does Virginia housing work?

Once you are admitted to the Housing Choice Voucher Program and lease a unit, Virginia Housing makes a monthly payment to your landlord on your behalf based on a percentage of your income. As a program participant, you are responsible for paying any remaining amount not subsidized by the voucher.

What does the Vhda stand for?

If you are buying a home in Virginia, chances are youve heard the phrase VHDA loan once or twice. Simply put, VHDA (Virginia Housing Development Authority) loans are a type of loan unique to the commonwealth of Virginia.

What is the mission of Virginia Housing?

Helping Virginians Attain Quality, Affordable Housing Home empowers and helps grow communities so everyone can thrive. Together, were working to eliminate the affordable housing crisis. Affordable homes lead to successes that docHub far beyond their property lines.

What is the primary purpose of the Virginia Housing Development Authority Vhda )?

About the Agency Virginia Housing is a self-supporting, not-for-profit organization created by the Commonwealth of Virginia in 1972 to help Virginians attain quality, affordable housing. Virginia Housing provides mortgages, primarily for first-time homebuyers and developers of quality rental housing.