The 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. Mortgages are funded by bonds issued by VHDA, not by taxpayer dollars, and are available for homebuyers and developers of quality rental housing. The group 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.
Each year, VHDA raises funds through the capital markets to support lending for single family and multifamily loan programs. Investors purchase VHDA securities and loans, and this, in turn, generates their principal source of capital. These securities do not constitute a debt or obligation of the Commonwealth.[1]
Organizational structure
VHDA is a quasi-government agency. The governor appoints an 11-member Board of Commissioners.[2] However, the authority is self-supporting and does not use tax dollars to fund its lending programs. Susan F. Dewey, its executive director since 1999, heads a leadership team of twelve divisional managers. VHDA has more than 300 full-time associates.[1]
virginia, housing, development, authority, this, article, relies, excessively, references, primary, sources, please, improve, this, article, adding, secondary, tertiary, sources, find, sources, news, newspapers, books, scholar, jstor, january, 2020, learn, whe. This article relies excessively on references to primary sources Please improve this article by adding secondary or tertiary sources Find sources Virginia Housing Development Authority news newspapers books scholar JSTOR January 2020 Learn how and when to remove this template message The 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 Mortgages are funded by bonds issued by VHDA not by taxpayer dollars and are available for homebuyers and developers of quality rental housing The group 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 Virginia Housing Development AuthorityAgency overviewFormed1972JurisdictionVirginiaHeadquartersRichmond Virginia United StatesEmployees300 Agency executiveSusan Dewey Executive DirectorWebsiteVirginia Housing Development Authority Contents 1 Funding sources 2 Organizational structure 3 References 4 External linksFunding sources EditEach year VHDA raises funds through the capital markets to support lending for single family and multifamily loan programs Investors purchase VHDA securities and loans and this in turn generates their principal source of capital These securities do not constitute a debt or obligation of the Commonwealth 1 Organizational structure EditVHDA is a quasi government agency The governor appoints an 11 member Board of Commissioners 2 However the authority is self supporting and does not use tax dollars to fund its lending programs Susan F Dewey its executive director since 1999 heads a leadership team of twelve divisional managers VHDA has more than 300 full time associates 1 References Edit a b About Us vhda com Our Leadership vhda com External links EditVHDA Website This article related to a non profit organization is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Virginia Housing Development Authority amp oldid 938210897, wikipedia, wiki, book, books, library,
