Title 21, Homesteads and Home Loans
5 chapters · 60 sections in this title.
21 V.I.C. § 141 Short title
0.1K chars
This chapter shall be known as and designated the “Homeownership Act of 2004”.
21 V.I.C. § 142 Legislative findings and purposes
5.5K chars
(a) The Legislature hereby declares and finds that:(a) There exists a serious shortage of residential, moderate-income housing in the Territory;(b) The lack of moderate-income housing is injurious to the health, safety and welfare of the people of the Virgin Islands and retards t…
21 V.I.C. § 143 Acquisition of real property for this Act
1.6K chars
(a) In addition to the provisions in title 33, section 2552 and 2494a, of this Code, an owner of real property in lieu of having the real property sold at public auction, may choose to convey the property in lieu of property taxes on any other contiguous real property of not less…
21 V.I.C. § 144 Authorization to undertake housing development, requirements of developers, builders or contractors under this chapter
3.4K chars
(a) The Virgin Islands Housing Finance Authority, on behalf of the Government of the Virgin Islands, is authorized to contract with builders, contractors and developers and others, as necessary and appropriate, to finance, develop, acquire, construct, rehabilitate and manage home…
21 V.I.C. § 145 Priority of purchasers and requirements
1.1K chars
(a) The Virgin Islands Housing Finance Authority shall provide homeownership for individuals in accordance to rules and regulations established by the Authority first-time homeowners and have resided full time, at least nine (9) months out of every year, in the Virgin Islands for…