The Virginia Housing Development Authority recently issued an update to provide clarity around certain items contained in its 2010 low-income housing tax credit (LIHTC) program application:
- To qualify a development as being located in an “urban development area,” the applicant must provide a copy of the locality’s comprehensive plan showing inclusion of “urban development areas,” as well as a letter from the locality’s planning department indicating that the proposed development is located within an “urban development area.”
- For mixed construction applications, an addition was made to the self-score sheet to include points for percentage of brick in the amenities category.
