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This data layer provides the location of Loudoun County's Revitalization Areas to allow developers to quickly identify if their proposed developments are located within the Revitalization Areas. It helps support the County's commitment for more affordable housing. |
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summary:
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This data layer provides the location of Loudoun County's Revitalization Areas to allow developers to quickly identify if their proposed developments are located within the Revitalization Areas. It helps support the County's commitment for more affordable housing. |
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5000 |
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[] |
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description:
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<DIV STYLE="text-align:Left;"><DIV><DIV><P><SPAN>Revitalization Areas identify those portions of Loudoun County, specifically the entire Suburban Policy Area & a portion of the Leesburg Joint Land Management Area, where residential developers can receive tax credit funding for proposed apartment projects. They also </SPAN><SPAN>gain additional points in the Virginia Housing Development Authority's (VDHA) Low Income Housing Tax Credit (LIHTC) competitive tax credit scoring system. </SPAN></P><P><SPAN>In the LIHTC competition, with application review based on a point system, an application can receive 15 points for its location in a designated revitalization area. These 15 points may make the difference in winning the LIHTC in the competitive application process leading to the development of an affordable rental project.</SPAN></P></DIV></DIV></DIV> |
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<DIV STYLE="text-align:Left;"><DIV><DIV><P><SPAN>Every reasonable effort has been made to assure the accuracy of these data. Loudoun County, Virginia does not assume any liability arising from the use of these data. These data are provided without warranty of any kind, expressed or implied, including, but not limited to, the implied warranties of merchantability and fitness for a particular service. Reliance on these data is at the risk of the user. These data were generated for use by Loudoun County and are available to the public. These data are intended for use at 1:2400 scale or smaller. Acknowledgement of Loudoun County would be appreciated in products derived from this data.</SPAN></P></DIV></DIV></DIV> |
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catalogPath:
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title:
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REVITALIZATION AREAS OF LOUDOUN COUNTY, VA |
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tags:
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["Revitalization","Affordable Housing","Tax Credits","Virginia","Loudoun","County"] |
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en-US |
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150000000 |
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