Service Provider Spotlight


Highlighting a Service Provider Member

Every few months, NVAR features one member and the work they do for the industry. 


   Q&A With the Virginia Housing Development Authority (VHDA)

1. How long has your company provided service to Realtors and/or consumers in our region?

VHDA has been an influential part of Virginia’s housing finance community for 46 years. During this time, we have worked to make homeownership a reality for thousands of Virginians, encourage affordable rental development, and help more than 200,000 consumers with free homebuyer education classes.


"Real estate agents and consumers should know that we are truly invested in their long term success."

2. Discuss the company's history of involvement with NVAR.

VHDA shares a long and rich history with NVAR. Our partnership spans over 30 years and includes sponsorship of the Hispanic Realtor Forum, the Vietnamese Realtor Forum, the Small Broker Forum, the Finance Summit, and NVAR’s annual convention. 


3. What makes your company stand out from the competition in Northern Virginia?

Flexibility, creativity, and sustainability are what set VHDA loan products apart from other loans. A great example is our VHDA Loan Combo. The Loan Combo is composed of our free homebuyer education course, an affordable VHDA mortgage, a Mortgage Credit Certificate (MCC), and our Down Payment Assistance Grant. Our HUD-approved education course empowers consumers to make healthy financial decisions and know what to expect during the home buying process. The MCC converts 20% of the mortgage interest a homeowner pays each year to a dollar for dollar federal tax credit. Once the MCC is issued, the tax credit is available for the life of the 30-year mortgage as long as the property is used as a primary residence. In addition, we offer the new VHDA Plus Second Mortgage loan, which offers up to 101.5% financing with low or no mortgage insurance(MI). This product allows potential homebuyers to make stronger offers and keep more of their savings for home related expenses while simultaneously maintaining an affordable monthly payment.


4. Describe any public service programs that connect you to the Northern Virginia community.

VHDA associates embrace a variety of charitable efforts and volunteer opportunities each year. For example, we have a Volunteer Council that serves as a clearinghouse for volunteer opportunities. Also, our associates have participated for many years in blood drives with Virginia Blood Services, holiday gift giving with the Angel Tree program, and home repairs for the elderly and disabled through Rebuilding Together Richmond. These are just a few of the many ways VHDA associates provide community service in Virginia. 


5. Anything else that Northern Virginia Realtors or consumers should know about your company?

Real estate agents and consumers should know that we are truly invested in their long term success. As a self-supporting, quasi-governmental agency, we contribute a significant portion of our net revenues each year to help meet Virginia’s most difficult housing needs. Our Down Payment Assistance Grant for first-time homebuyers and our Community Homeownership Revitalization Program (CHRP) are two examples of programs funded through our net revenues. Real estate agents should also know about our Real Estate Agent Connection on This portion of our website gives consumers access to a list of real estate agents who have taken VHDA’s Real Estate Professional Training class and have a sound understanding of how our programs can help their clients obtain the dream of homeownership. And finally, they should know that we are easily accessible to answer questions and provide training. A full staff directory as well as training and education pages are available at




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