What is the Virginia housing Trust Fund?
Matthew Barrera
Updated on March 29, 2026
The Virginia Housing Trust Fund (VHTF) creates and preserves affordable housing and reduces homelessness in the Commonwealth. Homeless persons struggling with mental health and other issues.
How was the Virginia housing Trust Fund financed?
The Virginia Housing Trust Fund was created in 2012 as an amendment to the state budget by the General Assembly using funds Virginia received from the National Mortgage Settlement. The Fund originally was awarded $7 million of the settlement money.
What is a housing trust fund account?
Housing trust funds are distinct funds established by city, county or state governments that receive ongoing dedicated sources of public funding to support the preservation and production of affordable housing and increase opportunities for families and individuals to access decent affordable homes.
What does a housing fund do?
But what is a housing trust fund? They are dedicated funds that are held in trust to be used to provide affordable housing. The agencies that administer them can take many forms, such as a local housing department, a multi-city agency, or a private nonprofit organization.
What is an affordable housing fund?
The Affordable Housing Fund has been introduced as a dedicated fund under the National Housing Bank (NHB) during the 2018 budget. This Affordable Housing Fund is supposed to be funded by the priority sector lending shortfall. Relevant Links. UPSC Study Material on Government Schemes.
What is the GST rate for affordable housing?
1. What are the new GST rates on the construction of residential apartments?
| Rate | Description |
|---|---|
| 1% | New affordable housing projects |
| Ongoing affordable housing projects opting for new rates | |
| 5% | Ongoing other than affordable housing projects |
| New other than affordable housing projects |
How can I qualify for a HUD HOME?
How do you qualify for a HUD home? As an owner-occupant (meaning you’ll live in the house), you can qualify for a HUD home if you plan to live there for at least a year, and haven’t purchased any other HUD homes within the last two years.
What is a VHDA loan?
A VHDA loan offers opportunities for affordable housing to Virginians who under other circumstances might not be able to afford a quality residence. These programs are designed to assist creditworthy first-time homebuyers or those who have not owned and occupied a home anytime in the last three years and meet the sales price and income limits.
What is National Housing Trust Fund?
The National Housing Trust Fund (HTF) is an affordable housing resource for increasing and preserving decent, safe, and sanitary affordable housing for extremely low-income and very low-income households, including homeless families.
What is a community trust fund?
A community trust fund is a not-for-profit entity created for the purpose of improving and enriching a particular community or municipality. It receives money from donors who wish to support the efforts of the fund. A board of trustees is responsible for evaluation and approval of potential uses of funds.
What is family housing fund?
Family Housing Fund. Established in 1980, the Family Housing Fund vision is that all families will have a home they can afford and a place from which they prosper and contribute to the larger community.
