Rental Housing Financing

• Tax-Exempt Bond Pre-Application Form
• Virginia Housing Fast Track Pre-Application Form
• Rental Housing Loan Application (Updated 9/18/23)
• Mixed-use Loan Application (Updated 9/18/23)
• Rental Tax-exempt Initial Bond Checklist
• Procorem Overview Reference Guide
• Minimum Environmental Assessment Requirements
  
• Contractor's Qualification Statement

• Procorem BudgetPro User Guide
  
• Construction Subcategories – Schedule of Values
  
• Change Order Form (Updated 08-2020)
• Introduction to Procorem
• Creating a Trade Payment Breakdown
• Creating a Subcategory Budget
• Creating a Requisition
• Approving a Requisition
• Submitting the Owner’s Application for Loan Disbursement in Procorem

The loan underwriting process will begin once we receive the required information.

• Minimum Cabinet Requirements
• Change Order Form (Updated 08-2020)

The documents below contain standards/criteria that should be followed when preparing Certificates of Actual Costs for rental housing developments financed by Virginia Housing.

• Contractor cost certification form
• Mortgagor's cost certification form
• Virginia Housing cost certification guide

• Rental Housing Invoice Portal User Instructions
• Rental Housing Invoice Portal Tutorial


Videos

• Construction Interest Payments
• Initial Closing Overview
• How to Prepare Your Initial Closing Package
• Understanding the Monthly Draw Package
• How to Prepare Your Monthly Draw Package