Virginia Housing unveiled the 2021 LIHTC Manual and accompanying 2021 Application for Reservation of Credits. Please note, Virginia Housing made no changes to the QAP last year so there are no major programmatic changes for the upcoming competitive round. A very brief list of administrative changes may be found on page two of the manual, including the use of the newly fixed four percent rate for tax-exempt bond deals seeking credits this upcoming year.
The manual also includes updated cost limits and some modifications to the nonprofit questionnaire. You should also note there are no changes to Virginia Housing’s very important Minimum Design and Construction Requirements since last year. Any questions may be directed to TaxCreditApps@virginiahousing.com.
