Low Income Housing Tax Credits & Seniors in Virginia, 2018

Virginia’s 2018 Qualified Allocation Plan (QAP) awards points for developments that are designed to be accessible for elderly tenants and/or physically disabled tenants

 

Virginia’s 2017 QAP defines elderly housing as any development intended to provide housing for elderly persons as an exemption to the provisions regarding familial status under the United States Fair Housing Act.

Virginia awards points to applications electing to serveelderly tenants and/or physically disabled tenants such as:  

  • If all cooking ranges have front controls. (1 point)
  • If all units have an emergency call system. (3 points)
  • If all bathrooms have an independent or supplemental heat source. (1 point)
  • If all entrance doors to each unit have two eye viewers, one at 42” and the other at standard height. (1 point)

In addition, Virginia awards points to units that include the Authority’s universal design features, if the proposed developments’ architect is on the Authority’s list of universal design certified architects. 15 points are available if all the units in an elderly development meet this requirement, or 15 points multiplied by the percentage of units meeting this requirement for non-elderly developments. 

Any proposed elderly development located in a census tract that has less than a 10% poverty rate (based upon Census Bureau data) (25 points). Effective January 1, 2018, any proposed elderly development located in a census tract that has less than a 12% poverty rate (based upon Census Bureau data) (20 points); any proposed elderly development located in a census tract that has less than a 3% poverty rate (based upon Census Bureau data) (30 points)

According to the VHDA 2018 LIHTC Manual: There is no longer a restriction on the percent of credits in any pool that may be reserved for elderly deals. Previously not more than 20% of the credits in any pool could be reserved to developments intended to provide elderly housing.

 

Contributed By: 
National Housing Trust

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