The Virginia Housing Development Authority (VHDA) has tentatively scheduled three more tax-exempt rental housing bond issues for 2019: March 1, June 1 and Aug. 1.
As a general rule, the bond inclusion deadline (the date on which VHDA must be in receipt of an executed commitment, any required points and evidence of satisfaction of all pre-pricing requirements) for each series will follow the application deadline by about 90 days. A basic schedule of milestones for each series will be available at application. Please note that each application may have specific and unique requirements and deadlines based on the characteristics of the project. The Development Officer assigned to each application will provide that information.
VHDA does not guarantee that all applications will result in financing, either in a specific bond series or at all. The review of each application must be approved on Architectural & Engineering review, underwriting and successful review of required materials by VHDA’s external bond counsel. VHDA reserves the right to reduce the number of bond series offered based on demand, market conditions, or other factors.
Contact Dale Wittie with questions at (804)343-5876 or dale.wittie@vhda.com.
