Virginia Housing Development Authority Act

This is the 2026 edition of the code. This is the current edition. It was last updated Sep 02, 2026. Browse all editions.

This is Chapter 1.2 of the Code of Virginia, titled “Virginia Housing Development Authority Act.” It is part of Title 36 “Housing”. It contains 42 laws.

It’s comprised of the following 42 sections.

§ 36-55.24	Short title
§ 36-55.25	Finding and declaration of necessity
§ 36-55.26	Definitions
§ 36-55.27	Virginia Housing Development Authority continued; constituted a public instrumentality
§ 36-55.27:1	Programs and regulations to implement the Consolidated Plan
§ 36-55.28	Appointment and tenure of commissioners; officers; quorum; compensation; liability
§ 36-55.29	Executive director
§ 36-55.30	Powers of HDA generally
§ 36-55.30:1	Repealed
§ 36-55.30:2	Housing revitalization areas; economically mixed projects
§ 36-55.30:3	Regulations; adoption procedures
§ 36-55.31	Powers relative to making mortgage loans and temporary construction loans to housing sponsors and persons and families of low and moderate income
§ 36-55.31:1	Loans for installation of certain energy-saving devices
§ 36-55.32	Powers relative to purchase and sale to mortgage lenders of mortgage loans; loans to mortgage lenders
§ 36-55.33	Repealed
§ 36-55.33:1	Mortgage loan terms and conditions
§ 36-55.33:2	Powers relative to acquisition, development and ownership by HDA of multi-family residential housing
§ 36-55.34	Repealed
§ 36-55.34:1	Power to supervise housing sponsors
§ 36-55.34:2	Power to enter into agreements with owners of housing developments eligible for federal low-income housing credits
§ 36-55.35	Terms and conditions of purchase from and sale to mortgage lenders of mortgage loans; loans to mortgage lenders
§ 36-55.36	Terms and conditions of mortgage insurance
§ 36-55.36:1	Power to create insurance funds and form corporations for the purpose of insuring HDA mortgage loans
§ 36-55.37	Exemption from taxation
§ 36-55.37:1	Repealed
§ 36-55.38	Admission and income limitations relative to housing developments
§ 36-55.39	Procedure prior to financing of housing developments undertaken by housing sponsors
§ 36-55.40	Notes and bonds
§ 36-55.41	Reserve funds and appropriations
§ 36-55.42	Refunding obligations; issuance
§ 36-55.43	Same; sale
§ 36-55.44	Deposit and investment of moneys of HDA
§ 36-55.44:1	Swap agreements by HDA authorized
§ 36-55.45	Agreement with Commonwealth
§ 36-55.46	Commonwealth not liable on notes and bonds
§ 36-55.47	Remedies of noteholders and bondholders
§ 36-55.48	Grants from Commonwealth
§ 36-55.49	Notes and bonds as legal investments
§ 36-55.50	Liberal construction
§ 36-55.51	Reports
§ 36-55.51:1	Annual audit
§ 36-55.52	Inconsistent provisions in other laws superseded