Predevelopment Loan Program

VHFA offers predevelopment financing for prospective multi-family affordable rental housing development. These funds support early, critical stage financing of predevelopment and preconstruction costs with an inexpensive source of funds. VHFA predevelopment loans bring with them additional rent restrictions and household income limits.

Applications are accepted on an ongoing basis. Please refer to the predevelopment term sheet for additional eligibility criteria.

Questions? For more information on development loans, please contact Development staff at [email protected].