Code of Virginia - Title 36 Housing - Chapter 11 Housing Revitalization Zone Act
- 36-157 Short title
This chapter shall be known and may be cited as the "Housing Revitalization Zone Act." (2000, cc. 789, 795.) ...
- 36-158 Definitions
As used in this chapter: "Based assessed value" means the assessed value of real estate within a housing revitalization zone as shown upon the records ...
- 36-159 Administration
The Department shall administer this chapter and shall have the following powers and duties: 1. To establish the process for determining what areas qualify as ...
- 36-160 Housing revitalization zone designation
A. The governing body of any county, city or town may make written application to the Department to have an area or areas declared to ...
- 36-161 Expansion of housing revitalization zones
Upon designation of an area as a housing revitalization zone, the local governing body may make written application to the Department to expand the area ...
- 36-162 Application review
A. The Department shall review each application upon receipt and shall secure any additional information that the Department deems necessary for the purpose of determining ...
- 36-163 Sale of public land
Upon designation of an area as a housing revitalization zone, the Commonwealth and any units of local government that own any land within the housing ...
- 36-164 Rules and regulations
Rules and regulations prescribing procedures effectuating the purpose of this chapter shall be promulgated by the Board of Housing and Community Development in accordance with ...
- 36-165 Eligibility
A. Any business firm may be designated a "qualified business firm" for purposes of this chapter if it undertakes, within a housing revitalization zone, the ...
- 36-166 Housing revitalization zone grants
A. As used in this section: "Qualified zone improvements" means the amount properly chargeable to a capital account for improvements to rehabilitate or undertake construction ...
- 36-167 Housing Revitalization Zone Fund established
There shall be set apart as a permanent and perpetual fund, known as the "Housing Revitalization Zone Fund," sums appropriated to the Fund by the ...
- 36-168 Local incentives
A. In making an application for designation as a housing revitalization zone, the applying locality or localities may propose local tax incentives, including, but not ...
- 36-169 Review and termination of housing revitalization zone
A. Upon designation of an area as a housing revitalization zone, the proposals for regulatory flexibility, tax incentives and other public incentives specified in this ...
- 36-170 Incremental revenues appropriated to housing revitalization zone
Any county, city, or town in which a housing revitalization zone is located shall, within ninety days of the designation of a housing revitalization zone ...
Last modified: April 3, 2009