Low Income Housing Tax Credits & Rural Housing in Virginia, 2018

Virginia’s 2018 Qualified Allocation Plan (QAP) awards points for rural developments.

Virginia’s 2017 QAP awards 20 points to developments currently subject to Rural Development’s Section 515 program or HUD’s Section 8 or Section 236 programs. In addition, 10 points are awarded to developments receiving new project-based subsidy from Rural Development or HUD for the greater of 5 apartments or 10% of the apartments in the proposed development. 

15 points are awarded to any proposed development listed in USDA RD’s High Priority List for rehabilitation at the time the application is submitted to the Authority. 

Contributed By: 
National Housing Trust

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