Effective January 1, 2018, VHDA revised the policy on financial reporting requirements for multifamily developments.
| Aggregate VHDA-Serviced Loan Amount Outstanding | MOS Required | Budget Required | Annual Owner/Agent Financial Statements | Annual Audited Financial Statements |
| <$750,000 | No | No | No | No |
| $750,000 to $2 Million | Yes | Yes | Yes | No |
| >$2 Million | Yes | Yes | N/A | Yes |
Guidance and forms are available on VHDA.com under Financial Reporting Requirements.
Contact your assigned VHDA Asset Manager if you should have specific questions.
