Administrative Code

Creating a Report: Check the sections you'd like to appear in the report, then use the "Create Report" button at the bottom of the page to generate your report. Once the report is generated you'll then have the option to download it as a pdf, print or email the report.

Virginia Administrative Code
Title 13. Housing
Agency 5. Department of Housing And Community Development
Chapter 175. Rules and Regulations for the Virginia Low-Income Housing Tax Credit

13VAC5-175-10. General requirements and application.

A. To qualify for the Virginia low-income housing tax credit, the applicant must qualify for and claim the federal low-income housing tax credit in accordance with 13VAC10-180, Rules and Regulations for Allocation of Low-Income Housing Tax Credits. The Virginia Housing Development Authority allocates the federal low-income housing tax credit in Virginia.

B. The Department of Housing and Community Development (the department) is designated to approve, allocate, and certify the use of the Virginia low-income housing tax credit. An application for certification to use the state tax credit must be filed with the department, on a form prescribed by the department. The application shall provide taxpayer identification, information regarding the housing unit or units for which a tax credit is sought, and information confirming the allocation of the federal low-income housing tax credit during the taxable year. The department may require any additional information and documentation. After reviewing applications, the department shall notify each applicant of the total Virginia low-income housing tax credit allocated for use by the applicant. The department shall certify the total Virginia low-income housing tax credit allocated for use by each approved applicant to the Department of Taxation or the State Corporation Commission.

Statutory Authority

§ 36-55.63 of the Code of Virginia.

Historical Notes

Derived from Virginia Register Volume 16, Issue 4, eff. October 20, 1999; amended, Virginia Register Volume 18, Issue 7, eff. January 1, 2002.

Website addresses provided in the Virginia Administrative Code to documents incorporated by reference are for the reader's convenience only, may not necessarily be active or current, and should not be relied upon. To ensure the information incorporated by reference is accurate, the reader is encouraged to use the source document described in the regulation.

As a service to the public, the Virginia Administrative Code is provided online by the Virginia General Assembly. We are unable to answer legal questions or respond to requests for legal advice, including application of law to specific fact. To understand and protect your legal rights, you should consult an attorney.