Rental Housing Financing

• Ground Lease Requirements (Updated 2/2026)
• Tax-Exempt Bond Pre-Application Form
• Taxable Bond Pre-Application Form
• Virginia Housing Fast Track Pre-Application Form
• Rental Housing Loan Application (Updated 2/5/26)
• Mixed-use Loan Application (Updated 2/5/26)
• Rental Tax-Exempt Initial Bond Checklist
• Bond Questionnaire
• Procorem Overview Reference Guide
• Minimum Environmental Assessment Requirements
  
• Contractor's Qualification Statement
  

Taxable Financing Term Sheets

• Taxable Financing Term Sheet
• Taxable 9% Financing Term Sheet
• Taxable MUMI Standard Financing Term Sheet



Tax-Exempt Financing Program Overview & Term Sheet

• Financing With Tax-Exempt Bonds - Program Overview
• Tax-Exempt Financing Term Sheet

• Procorem BudgetPro User Guide
  
• Construction Subcategories – Schedule of Values
• Change Order Form (Updated 08-2020)
  

   

• Introduction to Procorem
• Creating a Trade Payment Breakdown
• Creating a Subcategory Budget
• Creating a Requisition
• Approving a Requisition
• Uploading the Draw Package in Procorem

The loan underwriting process will begin once we receive the required information.

• Minimum Cabinet Requirements
• Change Order Form (Updated 08-2020)

The documents below contain standards/criteria that should be followed when preparing Certificates of Actual Costs for rental housing developments financed by Virginia Housing.

• Contractor cost certification form
• Mortgagor's cost certification form
• Virginia Housing cost certification guide

• Rental Housing Invoice Portal User Instructions
• Rental Housing Invoice Portal Tutorial


Videos

• Construction Interest Payments
• Initial Closing Overview
• How to Prepare Your Initial Closing Package
• Monthly Draw Overview
• How to Prepare Your Monthly Draw Package