Virginia Housing Development Authority

Virginia Housing Development Authority (VHDA) is a self-supporting, not-for-profit organization created by the Commonwealth of Virginia in 1972 to help Virginians attain quality, affordable housing. VHDA provides mortgages, primarily for first-time homebuyers and developers of quality rental housing. The organization raises money in the capital markets to fund its loans. It also teaches free homeownership classes and helps people with disabilities and the elderly make their homes more livable. VHDA works with lenders, developers, local governments, community service organizations and others to help put quality housing within the reach of every Virginian. Since its founding, VHDA has committed financing for more than 174,500 single family homes and 135,000 multifamily units.