VI Housing Finance Authority

VI Housing Finance Authority is a territorial housing finance authority and federal grant recipient based in St. Thomas, U.S. Virgin Islands, operating as a child entity of the Government of the Virgin Islands. The authority receives federal housing and community development grants from the Department of Housing and Urban Development as a prime recipient (84% of awards), with minimal subcontract activity (16%), and does not hold federal contracts or seats on government-wide acquisition vehicles.

VIHFA operates exclusively within HUD's Community Planning and Development and Housing programs, securing formula and project grants across five core program areas. The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development funds the vast majority of VIHFA's activity—72 awards spanning the HOME Investment Partnerships Program (CFDA 14.239), Emergency Solutions Grant Program (CFDA 14.231), Community Development Block Grant program (including CDBG Insular Areas and CDBG Disaster Recovery variants), Housing Trust Fund, and Continuum of Care Program. HUD's Assistant Secretary for Housing Federal Housing Commissioner funds an additional 12 awards under the Comprehensive Housing Counseling Grant program. The Federal Emergency Management Agency Headquarters provides 16 awards for disaster recovery and mitigation work. These three agencies account for 100% of VIHFA's recent grant portfolio.

Recent representative awards demonstrate program breadth and continuity. On April 10, 2026, HUD Community Planning and Development awarded VIHFA $796,475 under the HOME program (CFDA 14.239) to fund affordable housing activities including owner-occupied housing rehabilitation, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance, obligated through September 30, 2034. On the same date, VIHFA received $149,531 for the Emergency Solutions Grant program (CFDA 14.231) to address homelessness through street outreach, emergency shelter operations, homelessness prevention, and rapid re-housing, with completion set for April 9, 2028. Earlier, on November 27, 2024, HUD awarded VIHFA $796,475 under HOME (completion September 30, 2033) and $149,531 under ESG (completion November 26, 2026). VIHFA also holds Housing Trust Fund formula grants and Community Development Block Grant allocations for the U.S. Virgin Islands, including disaster recovery funding awarded June 6, 2023, running through June 6, 2029.

VIHFA's grant activity has grown substantially: eight awards in 2021 to twenty-two in 2024, with two awards recorded year-to-date in 2026. The combined dollars obligated across all 100 awards totals $2 billion. Five awards (roughly $20 million in potential value based on recent grant magnitude) face ultimate completion within the next twenty-four months, representing recompete exposure. VIHFA functions as prime recipient on the vast majority of awards but also receives sub-awards from the Government of the Virgin Islands as the parent pass-through entity. Recent sub-awards include housing rehabilitation projects (Bethlehem Village and Profit Hills window hardening, awarded July 21, 2021; Frits Lawaetz Buildings, awarded March 13, 2024) and program management activities for the STEP (Sustainable Territory Emergency Program), with sub-award activity occurring from 2021 through mid-2024. As a territorial housing authority, VIHFA distributes federal housing grants to developers, nonprofit organizations, and community partners to implement affordable housing and community development activities across the U.S. Virgin Islands, with awards supporting both direct delivery and pass-through mechanisms to subordinate recipients.