Virginia Regulatory Town Hall
Agency
Department of Housing and Community Development
Board
Board of Housing and Community Development
 
chapter
Procedures for Allocation of Low-Income Housing Tax Credits [13 VAC 5 ‑ 170]    (Repealed)
Guidance Documents
Chapter Information
Description This chapter governs the allocation by the department of federal credits pursuant to §42 of the IRC and state credits pursuant to the state code. Notwithstanding anything to the contrary herein, acting at the request or with the consent of the applicant for federal credits or state credits or both, the director is authorized to waive or modify any provision herein where deemed appropriate by him for good cause, to the extent not inconsistent with the IRC and the state code. This chapter is intended to provide a general description of the department's processing requirements and is not intended to include all actions involved or required in the processing and administration of the federal credits and state credits. This chapter is subject to change at any time by the department and may be supplemented by policies and procedures adopted by the department from time to time. Any determination made by the department pursuant to this chapter as to the financial feasibility of any development or its viability as a qualified low-income development shall not be construed to be a representation or warranty by the department as to such feasibility or viability. Notwithstanding anything to the contrary here, all procedures and requirements in the IRC and the state code must be complied with and satisfied.
State Authority §§36-143 , 36-146 and 36-147 of the Code of Virginia; and Governor's Executive Order No. Forty (91 ) .
Federal Authority §42 of the Internal Revenue Code.
Exempt from APA No, changes to this chapter are subject to the Administrative Process Act.
Text of Regulation Link to Virginia Administrative Code
Goals of Regulation None entered
Meetings

Contact Information
Name / Title: Trisha Lindsey  / Policy Planning Manager III
Address: Main Street Centre
600 East Main Street, Suite 300
Richmond, VA 23219
Email Address: Trisha.Lindsey@dhcd.virginia.gov
Telephone: (804)371-7000    FAX: (804)371-7090    TDD: (804)371-7089
Current Actions
Action Title Latest Stage Status
None

Past Actions
Action Title Latest Stage Status
Repeal the Procedures for Allocation of Low-Income Housing Tax Credits Regulation
Action is Exempt from Article 2 of the Administrative Process Act
Final Stage complete. This regulation became effective on 01/01/2013.