Virginia

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Virginia Housing

Helping Virginians Attain Quality, Affordable Housing

Relationship to the State Government:  Independent Authority

Current Staff Size: 433

 

Visit Virginia Housing's Website
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1972

VA Housing is established

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1986

Created the Virginia Housing Fund with $45 million

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1994

Only housing finance agency in the country to be awarded a AA+ general obligation rating from Standard and Poor’s

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2002

Generated funds internally to finance the SPARC program

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2006

Created the Granting Freedom grant program

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2014

Created the Community Outreach Division

$35.6B

Total Financing Provided

137,032

Renters Served Since 1972

234,787

Homeowners Served Since 1972

Signature Program

REACH Virginia

Each year, Virginia Housing reinvests a portion of our net revenues into communities through REACH Virginia. This resource supports initiatives including affordable housing for lower-income households, accessible housing for seniors and people with disabilities, revitalization of older urban areas, and preservation of small towns. 

Funding Made Available to Date: $72.8 Million

Future Focus

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Susan F. Dewey

Executive Director

“We are committed to working with our partners in government, industry, and academia to provide more affordable and equitable housing opportunities for all Virginians. As we move forward, we are focused on strengthening minority homeownership, revitalizing public housing communities, and other critical needs.”

Success Stories
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Wayne and Tracy Jordan

 

Big Stone Gap, VA

A $150,000 Community Impact Grant helped the community of Big Stone Gap rehabilitate one of its much-loved buildings – The Mutual, located on Main Street. For Wayne and Tracy Jordan, the renovated space meant they could finally open up the restaurant they had been dreaming of. “This project coming through, and the remodeling of the building was an opportunity for someone like myself,” said Wayne Jordan. “I wouldn’t have been able to do it on my own.”

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Faith Linton

 

Hampton, VA

Developer Faith Linton had a vision of turning Buckroe Pointe, a townhome community in need of revitalization, into quality, affordable housing with attractive landscaping. She turned to Virginia Housing, which responded by lending the majority of the $12 million needed for renovation. This partnership allowed Linton to transform the property and bring educational opportunities to residents to help address the generational cycle of poverty.

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Mario Santiago

 

Hampton, VA

After attending Virginia Housing’s first military homebuyer class, Chief Petty Officer Mario Santiago used what he learned to qualify for a mortgage and buy his first home, where he and his wife still live today. Virginia Housing’s homeownership education team works on-site with military financial educators to teach topics including Working with a Lender, the Role of the Real Estate Agent, and the benefits of developing a savings and spending plan.

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First 3D Home in VA – Innovative Housing, Richmond, VA
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Gateway Senior Apartments – Modular Construction, Fishersville, VA
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Seaside Harbor – for the Workforce and People with Disabilities, VA Beach
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Armstrong Renaissance – Public Housing Revitalization, Richmond, VA
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Spratley House – for Seniors and People with Disabilities, Newport News, VA