General Information on Multifamily Tax Exempt Financing
The Petersburg Redevelopment and Housing Authority (PRHA) is a conduit issuer authorized under state and federal law to issue tax-exempt bonds for multifamily rental housing projects. The Authority considers applications for tax-exempt bond financing for qualified housing developments needed to fund loans to for-profit and nonprofit developers for the acquisition and rehabilitation or new construction of affordable rental developments. These projects are not owned, operated nor managed by the Authority. In addition, the multi-family bonds issued by the Authority are not secured by public revenues.
Please contact Nathaniel Pride, Executive Director, by phone at: 804-733-2200 or by email at: nathaniel.pride@petersburgrha.org