RD296 - Status of the Virginia Housing Partnership Fund - October 2009


Executive Summary:
Section 36-150 of the Code of Virginia requires the Board of Housing and Community Development to report by December 1 of each year on the status of the Virginia Housing Partnership Revolving Fund (the Fund). The Virginia Housing Development Authority (VHDA), which administers the Fund, prepared the report. VHDA’s financial statements dated June 30, 2009 incorporated the financial status of the Fund. The public accounting firm KPMG audited these statements. The members of the Board of Housing and Community Development received a copy of these financial statements for their review and now submit them as presenting an accurate reflection of the status of the Fund. The report includes two components: (1) a Schedule of Net Assets Held on Behalf of the Virginia Housing Partnership Revolving Fund and (2) a Schedule of Revenues Expenses, and Net Assets associated with the Fund as of June 30, 2009.