Virginia
Virginia Requires ROFR Template with Reservation Application
The Right of First Refusal (ROFR) template that is due with the reservation application may be submitted without the inclusion of the Investor Member and Special Member.
Virginia’s Nine Percent Applications Due March 10
Virginia Housing released the following updates relative to the upcoming nine percent competitive credit round:
Virginia Suspends 2021 Monitoring Fees
Virginia Housing Compliance and Asset Management will suspend the collection of Tax Credit monitoring fees for the 2021 reporting year.
Virginia Posts C-PACE Workshop – Feb. 2
The Virginia Department of Energy has selected Virginia PACE Authority (VPA) to create and administer Virginia’s statewide Commercial Property Assessed Clean Energy (C-PACE) program, with technical support from Slipstream.
Virginia Holds Workshops Jan 6 & 11; Approves QAP
Virginia Housing is now hosting its upcoming workshops virtually.
Housing Equity Accelerator Fellowship Application Open for DMV Area
The application process for Capital Impact Partners’ Housing Equity Accelerator Fellowship is now open for Black, Indigenous and People of Color developers in the metropolitan District of Columbia, Maryland and Virginia region.
Virginia Hosts How to Apply Meetings – Jan 5, 6 and 11; Posts 2022 LIHTC Calendar
Virginia Housing will host three meetings to discuss recent programmatic changes at both the state and federal levels and to provide clarity to the upcoming competitive nine percent credit round.
Virginia Suspends Tax 2021 Tax Credit Monitoring Fees
Virginia Housing has suspended the Tax Credit monitoring fees for the 2021 reporting due to the impact of COVID-19.
Changes to Virginia’s ERA Program
Effective December 1, 2021, the Virginia Department of Housing and Community Development will begin administering the program for both landlords and tenants.
Virginia Seeks Supportive Services Provider
The Virginia Department of Behavioral Health and Developmental Services is seeking experienced providers to deliver supportive services to individuals with a serious mental illness or developmental disability who live in certain LIHTC properties.
Virginia 2022 TEB Deadlines
Virginia Housing established a schedule of application deadlines for five potential tax-exempt bond (TEB) issues for the 2022 calendar year.
Virginia Updates Mixed-Income, Mixed-Use Underwriting Guidelines
Virginia Housing updated its Mixed-Income, Mixed-Use/Mixed-Income (MI/MUMI) program underwriting policies with new minimum loan sizing metrics to be applied based on total loan size.