The funds originate from three different government sources. Gov. Mark R. Warner has agreed to funnel $97 million of his discretionary portion from the Virginia Private Activity Bond Program Volume Cap Allocation to VHDA. That sum is $7 million more than Warner had originally consented to contributing to the VHDA pot. "I am fulfilling the commitment I made at the Governor's Housing Conference in September 2002 to provide VHDA with at least $90 million in allocation to be used for the preservation of existing affordable housing resources, housing revitalization, and projects that link housing to employment centers and social services," Warner says.

Secretary of Commerce and Trade Michael J. Schewel notes that, "the transfer of the Governor's allocation of the discretionary portion of this federal tax-free bond allotment will enable VHDA to issue tax-exempt bonds and use the proceeds of those bonds to provide below market loans." Additional money is coming from the Local Housing Pool and the Industrial Development Bond Pool in the amounts of $71.5 million and $152 million, respectively.