Virginia Housing Board Elects New Leadership to Drive Housing Initiatives Forward

Leadership Changes in Virginia Housing Board

The Virginia Housing Board of Commissioners has made strategic changes within its leadership team during its recent meeting held in September. Sarah Barrie Stedfast, a seasoned veteran in the mortgage industry, was re-elected as the chair, reaffirming her leadership role since August 2024. Alongside her, Davon Gray, who has extensive experience in policy and advocacy, steps in as the new vice chair.

A Look at the New Chair: Sarah Barrie Stedfast

Sarah Barrie Stedfast, hailing from Virginia Beach, brings with her over 30 years of expertise in the mortgage sector. As the Venture President at RW Towne Mortgage, her background has been integral in uplifting Virginia's housing standards. Stedfast holds impressive credentials, including a Certified Mortgage Banker designation and a bachelor's degree in business finance from Virginia Tech. Her leadership has focused on promoting affordable housing throughout Virginia, emphasizing the importance of accessible homeownership for Virginians.

Davon Gray: The New Vice Chair

Davon Gray, a resident of Manassas, has been selected to guide the board alongside Stedfast. With more than 25 years of experience, Gray has carved a niche in advocacy and policy strategy. He was previously associated with the American Institute of Architects, where he played a crucial role in advancing advocacy and engagement programs. Gray is also a proud 12-year veteran of the United States Army National Guard and Reserves. He holds a bachelor's degree in political science from the University of Southern Mississippi and a master's in public administration from DeVry University. His extensive background is expected to enrich the board's strategy in fostering community engagement and policy effectiveness.

Board Responsibilities and Impact

The Virginia Housing Board of Commissioners plays a pivotal role in shaping housing policies and overseeing the quality of operations within Virginia Housing. This includes approving budgets and implementing policies that directly impact Virginians seeking affordable housing. Board members, appointed by the governor, bring varied experiences and skills essential for guiding the state’s housing initiatives.

Virginia Housing's CEO, Tammy Neale, praised the newly elected board leadership, stating, "Their commitment will be vital in achieving significant impacts and providing opportunities for the communities we serve throughout Virginia."

The Role of Virginia Housing

Virginia Housing is dedicated to transforming the living conditions of thousands in Virginia. By collaborating with public and private sectors, it has fostered over 50 years of impactful work aimed at ensuring quality, affordable housing. Importantly, Virginia Housing operates without direct taxpayer support, raising capital in markets to extend mortgages to first-time homeowners and finance rental developments. Their commitment extends to making housing more accessible for individuals with disabilities and older citizens, reinforcing their mission centered around innovation and community development.

For further details regarding the leadership team and initiatives of Virginia Housing, visit VirginiaHousing.com.