Investor Presentaiton slide image

Investor Presentaiton

THE VIRGINIA AGING NETWORK OTHER STATE AGENCIES AND AGING INITIATIVES (cont.) Virginia Housing Development Authority (VHDA) VHDA provides long-term mortgage financing for the construction or acquisi- tion and rehabilitation of affordable rental housing for low- and moderate- income seniors. The Rental Unit Accessibility Modification Grant provides funding for ADA modifications to make rental units accessible to low-income, disabled tenants. The Granting Freedom Program provides funding for modi- fications to make living spaces more accessible to disabled veterans, ser- vicemen and women. In SFYs 2014-2018, VHDA allocated $13,360,826 in Low Income Housing Tax Credits to 25 senior housing developments con- taining 1,488 affordable rental units. DARS also benefits from partnerships with other state agencies, statewide aging services, as well as ad- vocacy and LTSS organizations and agencies. These partnerships are critical in optimizing opportunities and addressing issues, including the growing impact of ADRD, housing and transportation services, and community engagement. 20 20
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