VHDA credit guidelines hinder serving first-time homebuyers and other populations who need assistance. Attention should be paid to regional differences when establishing economic standards for housing programs. There is a need to add housing consumers to the VHDA and DHCD Boards to increase understanding of the needs. Public awareness of existing programs and resources needs to be increased. Additional Financial Resources Are Needed .
Financing is needed to bridge the gap between high costs and low incomes.
There is a need for low interest or no down payment mortgage programs for low-income individuals. There is too much emphasis on homeownership as a solution to housing affordability. VHDA needs to make better use of all available financial resources. Program Administration is Uneven . There is a perception that the administration of regulations, such as building and maintenance codes, and existing subsidies for housing are unevenly applied across the region.