The Virginia Housing Trust Fund is a special allocation of state funds intended to help address the commonwealth’s housing needs and reduce homelessness. The loan pool provides low-interest loans to meet the financing needs of housing projects directed toward key state housing policies. Repayment rates and terms will be tailored to each project’s needs. Projects demonstrating financial sustainability and leveraging will receive priority consideration. Projects will be selected through a competitive application process. The maximum amount for a Virginia Housing Trust Fund loan is $750,000.