Financing With Tax-Exempt Bonds
Image by Barry Harley Photography, courtesy of APAH
Tax-exempt bond financing is available for the development, acquisition and rehabilitation of affordable housing with 4% Housing Credits. If you are interested in this type of financing, please note it is federally regulated and has income limits and rent requirements.
Developers must choose to rent either 20% of the units to households with income less than or equal to 50% of the area median income, or 40% of units to households with income less than or equal to 60% of the area median income. The remainder of the units may be rented to households with income up to 150% of the area median income.
Virginia Housing is a frequent issuer of bonds. As such, our rates include bond counsel fees, rating agency fees and bond underwriting fees, and require no bond insurance or additional credit enhancements.
Multifamily Interest Rates and Fees
Rates are updated daily on our website. Rates are locked upon return of commitment and all fees.
The Residences at North Hill transformed 33 acres of undeveloped land in Alexandria into a vibrant, walkable community.
Market Heights provides new housing for households with incomes at or below 40% to 60% AMI.