Virginia Housing Board of Commissioners Names Davon Gray Chair and Michael Olivieri Vice Chair

RICHMOND, Va. — Virginia Housing’s Board of Commissioners filled its top leadership posts during its September meeting, appointing Davon Gray to serve as chair and Michael Olivieri as vice chair, according to an announcement issued Sept. 22, 2026. Gray, a resident of King George County, steps into the chairmanship following the board's vote, while Olivieri, representing Virginia Beach, assumes the role of vice chair. The appointments establish the governance leadership for the state-chartered organization as it oversees affordable housing finance and development operations across the commonwealth.

Strategic Context

Virginia Housing operates as a self-supporting organization that provides financing and support for affordable housing throughout the state. The Board of Commissioners maintains ultimate governance authority over the entity's bond issuances, lending programs, and strategic deployment of capital. The election of Gray and Olivieri places two regional representatives at the helm of an institution that interacts with capital markets, commercial developers, and local municipal authorities to facilitate housing initiatives.

Forward Outlook

Operators, municipal partners, and financial participants engaging with Virginia Housing will look to the newly structured board for continuity in the organization's lending pipelines and capital allocation strategies. With Gray leading the commissioners and Olivieri serving as vice chair, the board will direct upcoming policy decisions, credit approvals, and housing finance programs moving through the remainder of the fiscal calendar. Stakeholders are advised to monitor subsequent board dockets for adjustments to underwriting guidelines or regional development priorities under the new officer slate.