Virginia Housing & Redevelopment Authority

What Virginia Housing & Redevelopment Authority does

Virginia Housing & Redevelopment Authority is a state housing finance entity based in Virginia, United States, founded in 1949 and operating under a public mission to provide affordable housing solutions to individuals and families across the Commonwealth. The entity functions as a quasi-governmental housing finance agency, with Dana Hiltunen serving as Executive Director. Its core operational mechanism is the issuance of commonwealth mortgage bonds — evidenced by a $450 million bond issuance documented in available sources — which provide capital for affordable mortgage financing programs targeting Virginia residents and housing developers.

The authority's business model is structured around public-mission housing finance rather than conventional commercial revenue generation. It accesses capital markets through commonwealth mortgage bond issuance, channeling proceeds into affordable mortgage lending and housing development financing. This model leverages state-level statutory authority and tax-exempt bond access — advantages unavailable to private mortgage originators — to deliver lower-cost financing to its target population. The entity operates with a small staff (11-50 employees), consistent with a lean administrative structure focused on capital deployment and program oversight rather than large-scale consumer-facing operations.

Available data does not disclose specific fee structures, mortgage portfolio composition, loan servicing arrangements, or technology platforms supporting the authority's operations. No information on partnerships with private lenders, secondary market relationships, or developer financing arrangements is provided. The entity's operating geographies are not enumerated beyond its Virginia domicile. As a result, the operational and financial granularity of the authority's activities cannot be fully characterized from the input data.

Name

Virginia Housing & Redevelopment Authority

Website

https://vhra.org

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

11–50 employees

Short description

Virginia Housing & Redevelopment Authority is a state housing finance entity providing affordable mortgage financing through commonwealth mortgage bond programs to Virginia residents and housing developers. Founded in 1949.

Ownership category

akta.pro rank

Product category

Public Housing and Affordable Housing Finance

NAICS

Administration of Housing Programs (925110), Administration of Housing Programs (92511), Administration of Housing Programs, Urban Planning, and Community Development (925)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

akta.pro secondary industries

Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM), Housing & Neighborhood Services (Local Housing Programs) (BPAIACAJ), Affordable & Public Housing Asset Management (BPAJAMAI)

Keywords

• Affordable housing financing
• Mortgage bond programs
• Housing development capital
• Public housing authority
• Housing assistance services

Headquarters

HQ city

Virginia

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Core offering

Virginia Housing & Redevelopment Authority provides affordable housing solutions to individuals and families in Virginia. The authority issues commonwealth mortgage bonds to finance affordable housing and channels capital to both Virginia residents seeking housing and housing developers undertaking residential development projects across the state.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing Financing

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves2 records

Expansion highlights2 records

Broad incumbents

• Fannie Mae: Fannie Mae is a federally chartered enterprise that purchases and securitizes affordable mortgages at national scale, representing a much larger broad incumbent in the same housing finance space where Virginia Housing & Redevelopment Authority operates at the state level.
• Ginnie Mae: Ginnie Mae is a federal government mortgage-backed securities program guaranteeing bonds backed by government-insured loans, a broad incumbent in the federal housing finance system that interfaces with state housing finance agencies.
• Freddie Mac: Freddie Mac is a federally chartered enterprise supporting affordable mortgage liquidity nationwide, serving as a broad incumbent competitor and counterparty to state HFAs like Virginia Housing & Redevelopment Authority.

Direct peers

• California Housing Finance Agency (CalHFA): CalHFA is a state housing finance agency that issues mortgage revenue bonds and provides affordable housing financing to California residents, directly comparable to Virginia Housing & Redevelopment Authority's bond-funded affordable mortgage programs.
• Texas Department of Housing and Community Affairs: TDHCA administers state-level affordable housing programs including bond issuance and multifamily financing in Texas, sharing the state housing finance agency model used by Virginia Housing & Redevelopment Authority.
• Ohio Housing Finance Agency: OHFA issues mortgage revenue bonds and administers affordable first-time homebuyer programs in Ohio, comparable to Virginia Housing & Redevelopment Authority's core bond-funded mortgage origination activities.
• Colorado Housing and Finance Authority: CHFA is a quasi-governmental state housing finance authority issuing bonds for affordable mortgages and multifamily loans in Colorado, sharing the public-mission bond issuance model with Virginia Housing & Redevelopment Authority.
• Florida Housing Finance Corporation: Florida Housing is the state's housing finance agency, issuing bonds and allocating federal housing credits to fund affordable housing, directly paralleling Virginia Housing & Redevelopment Authority's affordable housing financing role.
• Pennsylvania Housing Finance Agency: PHFA is a state housing finance agency that issues mortgage revenue bonds and funds affordable homeownership and rental housing in Pennsylvania, operating with the same public-mission bond issuance model as Virginia Housing & Redevelopment Authority.
• New York State Homes and Community Renewal: HCR administers New York's affordable housing finance programs including bond issuance and development financing, a comparable state-level housing finance role to Virginia Housing & Redevelopment Authority.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/housing-and-redevelopment-authority-of-virginia

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Virginia Housing & Redevelopment Authority