Federal Housing Day – In addition to our state housing day at the General Assembly, VHA conducts an annual federal housing day where we organize a group of advocates from around the state on a trip up to Washington DC to talk with the Virginia Congressional Delegation about our major federal policy priorities. Similar to state housing day, we develop a host of materials to share with staffers. This year we shared stressed our concerns with how the 2018 budget proposals would impact housing, and presented staff and members with Congressional District Housing Profiles in addition to LIHTC district sheets that include the economic impact of the program. This year, we teamed up with the Virginia Association of Housing and Community Development Officials (VAHCDO) for the first time and had over 50 Virginia advocates attend meetings!
VHA’s Housing Credit Campaign – The Housing Credit or Low-Income Housing Tax Credit (LIHTC), is currently the major engine for the production of new and rehabbed affordable rental housing units in the state and nationwide. Even though the program has a proven track record, helping preserve more than 2.6 million affordable rental homes nationwide in its history while maintaining a less than 1% foreclosure rate, the program still faces threats in Congress. The Housing Credit is virtually the only source of capital to address the widening gap between the number of affordable apartments and the low-income renters in need of housing. The Virginia Housing Alliance takes a leading role in defending and preserving the credit in the state as well as providing critical professional training through its annual Housing Credit Conference.