A Guide to the Correspondence and subject files of the Director of the Virginia Housing Development Authority, 1973-1980 Virginia Housing Development Authority, Correspondence and subject files of the Director of the
43911
Correspondence and subject files of the Director of the Virginia Housing Development Authority, 1973-1980. Accession 43911,
State Records Collection, Library of Virginia, Richmond, Virginia.
Acquisition Information
Transferred from the Virginia Housing Development Authority, Richmond, Virginia, 6 Aug 2008.
Processing Information
This collection has been processed using minimal processing standards: the original arrangement has been maintained, the container
list is brief and simple, and the records have not been refoldered and fasteners have not been removed.
The Virginia Housing Development Authority (VHDA) is the state's mortgage finance agency. Created in 1972 by the Virginia
General Assembly, its mission is to help Virginians with low and moderate income levels attain quality, affordable housing
whether through rental programs or home ownership. VHDA strives to overcome barriers to homeownership, as well as to offer
easily accessible products, programs and services. VHDA has developed several loan programs designed to meet the needs of
low-and moderate-income consumers.
The Virginia Housing Development Authority is self-supporting and does not use tax dollars to fund its lending programs. The
Authority sells bonds to the private sector in order to support its lending programs. From its own operating funds, VHDA finances
the Virginia Housing Fund, which makes loans to homeownership and rental programs that serve Virginians who cannot be served
by its traditional bond-funded programs.
The Virginia Housing Development Authority is a quasi-government agency, and as such, is subject to certain supervisory powers
of the governor and the General Assembly. VHDA is required to submit annual reports of its operating and financial status,
which are subject to review by the Auditor of Public Accounts. VHDA’s Board of Commissioners is composed of 11 members, all
of whom are appointed by the governor. Eight members are direct appointees, including a Housing Choice Voucher Program representative.
Day-to-day management is left to the executive director. In 1999, Susan F. Dewey became the executive director of VHDA.