Board meetings, strategic plans, and buyer signals from Hil Richardson’s organization
Sep 16, 2026·BoardMeeting
Board
Virginia Housing Development Authority Annual Meeting
The Board of Commissioners held its annual meeting alongside executive and audit committee sessions. Key discussions included the adoption of the Qualified Allocation Plan for Low-Income Housing Tax Credits, a report on the Resources Enabling Affordable Community Housing (REACH) program, and a review of the Fiscal Year 2026 performance report. The Board approved executive compensation, including a performance-based bonus and merit increase for the CEO. Additionally, updates were provided on legislative activities, federal/state relations, and various informational topics such as parking deck construction and advisory council efforts. The Board also elected new leadership, with a new Chair and Vice Chair, and appointed members to the executive, audit, and finance committees. Financial reports highlighted excess revenue and assets, while the Audit Committee approved the Fiscal Year 2027 Risk-Based Internal Audit Plan.
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Virginia Housing Development Authority Special Meeting
The meetings involved a review of the Chief Executive Officer's performance and accomplishments in the 2026 fiscal year. Discussions regarding the CEO's performance and compensation took place in closed sessions, supported by external consultants. Additionally, the Executive Committee approved a recommendation to the full Board regarding a performance-based bonus and merit salary increase for the CEO.
Jun 17, 2026·BoardMeeting
Board
Virginia Housing Development Authority Regular Meeting
The Board of Commissioners discussed and approved final rankings for the 9% low-income housing tax credit program and the state Housing Opportunity Tax Credit program. Additionally, the Board authorized the commencement of the public process for amending the Qualified Allocation Plan. Informational reports were presented regarding federal and state housing activities, the Department of Housing and Community Development, and the Fiscal Year 2026 accomplishments. The Board also reviewed and adopted the Fiscal Year 2027 operating budget, received reports from the Finance, Executive, and Audit Committees, and discussed financial performance metrics.
Jun 3, 2026·BoardMeeting
Board
Virginia Housing Development Authority Special Meeting Of The Executive Committee
The committee convened in a closed session to discuss and consider the compensation of specific public officers. During this session, the group reviewed a performance-based compensation pool for staff. Subsequently, the committee approved a recommendation to the Finance Committee regarding a performance-based compensation pool consisting of a 4% merit increase and a 5% year-end bonus for the 2026 fiscal year.
Extracted from official board minutes, strategic plans, and video transcripts.
