5 chapters · 60 sections in this title.
21 V.I.C. § 101 Findings and declaration
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(a) The Legislature of the Virgin Islands finds and declares that:(a) There exists a serious shortage of residential low and moderate income housing in the Territory.(b) The lack of low and moderate income housing is injurious to the health, safety and welfare of the people of th…
21 V.I.C. § 102 Definitions
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(a) As used in this chapter, unless the context clearly requires otherwise, the following terms have the following meanings:(a) “Authority” means the Virgin Islands Housing Finance Authority created by section 103 of this chapter, and any reference to the government in this chapt…
21 V.I.C. § 103 Powers of Housing Finance Authority
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(a) There is hereby created a body corporate and politic constituting a public corporation and autonomous governmental instrumentality of the Government of the Virgin Islands by the name of the Virgin Islands Housing Finance Authority, hereinafter “Authority”. The Authority consi…
21 V.I.C. § 103a Approval of property for development
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The Authority shall obtain the approval of the Legislature for the use of any property in any manner; such approval shall be obtained by submitting, at a minimum of every three (3) years, an Affordable Housing Plan which addresses specific projects to be developed on real propert…