An independent review of VHFA’s single-family home loan portfolio shows property values increased by 24 percent compared to values at time of purchase.
The median increase in individual home values in VHFA’s portfolio was 14 percent.
“During this recession we’ve heard a lot about homes dropping in value, but properties in VHFA’s portfolio are doing well. This is evidence of the fiscal strength of the Agency,” said Executive Director Sarah Carpenter.
“This is the first time the Agency has commissioned a report such as this, and the results were stronger than expected.”