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Virginia Housing is self- supporting. No federal or state tax dollars are received by Virginia Housing for the funding of its lending programs.
Gain access to VA benefits: Whenever a seller relinquishes their VA loan to another buyer, the new buyer assumes all of the VA loan benefits, even if they are not active military or veterans themselves. Are VA Loans Assumable? Pros & Cons - Griffin Funding griffinfunding.com ? blog ? are-va-loans-assumable griffinfunding.com ? blog ? are-va-loans-assumable
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.
How it works. Every state budget cycle, lawmakers allocate a portion of general fund dollars to the VHTF. These funds are administered by the Department of Housing and Community Development (DHCD) in partnership with Virginia Housing.
About the Agency Virginia Housing provides mortgages, primarily for first-time homebuyers and developers of quality rental housing. We use no state taxpayer dollars, but raise money in the capital markets to fund our loans. Virginia Housing Development Authority | Virginia.gov virginia.gov ? agencies ? virginia-housing-d... virginia.gov ? agencies ? virginia-housing-d...