Research About Meet PRIA

Support Data Sources Privacy Policy Terms of Service Your Privacy Choiceshello@policyrisk.com

© 2026 PRIA Technologies, LLC. All rights reserved.

PRIA provides educational policy intelligence and is not a source of investment, legal, or financial advice. Content is for informational purposes only.

™

Your Policy Risk Impact Agent

Research

At My Address
Federal Courts
Daily Briefings
Medicare & Social Security
Congressional Bills
Federal Register
Tariffs
Fed Decisions & The Economy
State Tracker
World Watch
U.S. Code
U.S. Constitution

Knowledge

Search Polipedia
Daily Briefings
Calculators
What is Policy Risk?
The Countdown

Company

About PRIA
Support

Get PRIA

Support Data Sources Privacy Policy Terms of Service Your Privacy Choices

hello@policyrisk.com

© 2026 PRIA Technologies, LLC. All rights reserved.

PRIA is a trademark of PRIA Technologies, LLC.

PRIA provides educational policy intelligence and is not a source of investment, legal, or financial advice. Content is for informational purposes only.

Virginia Statutes, Title 36

™

Your Policy Risk Impact Agent

Virginia/Statutes

← All Virginia coverage

Title 36, Housing

24 chapters · 314 sections in this title.

All chapters in Title 36314 Ch 1, Housing Authorities Law.80 Ch 6, Uniform Statewide Building Code.50 Ch 1.2, Virginia Housing Development Authori…38 Ch 5.1, Virginia Fair Housing Law.25 Ch 4.2, Manufactured Housing Licensing and T…22 Ch 8, Department of Housing and Community …20 Ch 4, Industrialized Building Safety Law.18 Ch 11, Housing Revitalization Zone Act.14 Ch 4.1, Manufactured Housing Construction an…13 Ch 9, Virginia Housing Trust Fund.12 Ch 10, Virginia Removal or Rehabilitation o…5 Ch 12, First-time Home Buyer Savings Plan Act.5 Ch 13, Preservation of Affordable Housing.5 Ch 10.2, Virginia Food Access Investment Prog…4

38 sections·Filtered byTitle 36✕Ch 1.2✕

Va. Code Ann. § 36-55.24 Short title
0.1K chars
This chapter shall be known and may be cited as the "Virginia Housing Development Authority Act."
Va. Code Ann. § 36-55.25 Finding and declaration of necessity
6.7K chars
It is hereby declared: (i) that there exists within the Commonwealth a serious shortage of sanitary and safe residential housing at prices or rentals which persons and families of low and moderate income can afford; that this shortage has contributed to and will contribute to the…
Va. Code Ann. § 36-55.26 Definitions
11.4K chars
As used in this chapter, unless the context requires a different meaning: "Bonds," "notes," "bond anticipation notes," and "other obligations" mean any bonds, notes, debentures, interim certificates, or other evidences of financial indebtedness issued by HDA pursuant to this chap…
Va. Code Ann. § 36-55.27 Virginia Housing Development Authority continued; constituted a public instrumentality
0.7K chars
There is hereby continued within the Department of Housing and Community Development, for the purpose of § 36-55.51, a political subdivision of the Commonwealth of Virginia with all of the politic and corporate powers as are set forth in this chapter, which are hereby reaffirmed,…

Va. Code Ann. § 36-55.27:1 Programs and regulations to implement the Consolidated Plan

0.4K chars

The HDA shall be responsible for implementing, to the extent and in the manner determined by the HDA to be reasonable and proper and consistent with its legal and financing responsibilities, new and existing programs, policies, and regulations to accomplish the goals, objectives,…

Va. Code Ann. § 36-55.28 Appointment and tenure of commissioners; officers; quorum; compensation; liability

3.7K chars

A. The powers of HDA shall be vested in the commissioners of HDA as follows: a representative of the Board of Housing and Community Development, such representative to be selected by that Board; the Director of the Department of Housing and Community Development as an ex officio …

Va. Code Ann. § 36-55.29 Executive director

1.0K chars

(a) The commissioners shall employ an executive director who shall also be the secretary and who shall administer, manage and direct the affairs and business of the HDA, subject to the policies, control and direction of the commissioners. The commissioners may employ technical ex…

Va. Code Ann. § 36-55.30 Powers of HDA generally

9.8K chars

The HDA is hereby granted, has and may exercise all powers necessary or appropriate to carry out and effectuate its corporate purposes, including, without limitation, the following: 1. Sue and be sued in its own name; 2. Have an official seal and to alter the same at pleasure; 3.…

Va. Code Ann. § 36-55.30:2 Housing revitalization areas; economically mixed projects

4.5K chars

A. For the sole purpose of empowering the HDA to provide financing in accordance with this chapter, the governing body of any city or county may by resolution designate an area within such city or county as a revitalization area if such governing body shall in such resolution mak…

Va. Code Ann. § 36-55.30:3 Regulations; adoption procedures

1.6K chars

A. The HDA shall have the power to adopt, amend and repeal regulations, not inconsistent with this chapter or other applicable laws, to carry into effect the powers and purposes of the HDA and the conduct of its business. Such regulations shall be designed to effectuate the gener…

Va. Code Ann. § 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

7.5K chars

The HDA shall have all the powers necessary or convenient to carry out and effectuate the purpose and provisions of this chapter, including the following powers in addition to others herein granted: (1) through (3) [Repealed.] (4) Enter into agreements and contracts with housing …

Va. Code Ann. § 36-55.31:1 Loans for installation of certain energy-saving devices

1.2K chars

The Virginia Housing Development Authority shall establish a program of loans for financing the purchase and installation of insulation, storm windows and doors and solar or other alternative energy sources which will reduce the reliance on present sources of energy for use in th…

Va. Code Ann. § 36-55.32 Powers relative to purchase and sale to mortgage lenders of mortgage loans; loans to mortgage lenders

2.1K chars

The HDA shall have all the powers necessary or convenient to carry out and effectuate the purposes and provisions of this chapter, including the following powers in addition to others herein granted: (1) To invest in, purchase or to make commitments to purchase, and take assignme…

Va. Code Ann. § 36-55.33:1 Mortgage loan terms and conditions

17.4K chars

A. All mortgage loans made by HDA pursuant to § 36-55.31 of this chapter shall be subject to the following terms and conditions: 1. The ratio of mortgage loan principal amount to total housing development costs and the amortization period of any mortgage loans made by HDA which a…

Va. Code Ann. § 36-55.33:2 Powers relative to acquisition, development and ownership by HDA of multi-family residential housing

5.4K chars

A. HDA shall have all the powers necessary or convenient to purchase, acquire, construct, rehabilitate, own, operate, improve, repair, maintain, encumber, mortgage, lease, sell and transfer or otherwise dispose of multi-family residential housing or any part or interest therein f…

Va. Code Ann. § 36-55.34:1 Power to supervise housing sponsors

4.2K chars

Subject to such limitations and conditions as may be agreed to by HDA, HDA shall have the power to supervise a housing sponsor and its real and personal property, at all times during which an HDA mortgage loan to such housing sponsor is outstanding and thereafter as necessary to …

Va. Code Ann. § 36-55.34:2 Power to enter into agreements with owners of housing developments eligible for federal low-income housing credits

1.1K chars

HDA may enter into agreements with the owners of housing developments which are or will be eligible for low-income housing credits under the United States Internal Revenue Code. Any such agreement shall contain covenants and restrictions as shall be required by the United States …

Va. Code Ann. § 36-55.35 Terms and conditions of purchase from and sale to mortgage lenders of mortgage loans; loans to mortgage lenders

7.2K chars

A. Except in the case of a mortgage loan that, when made by the mortgage lender, is to be purchased by HDA, no obligation shall be eligible for purchase or commitment to purchase by HDA from a mortgage lender hereunder if the date of said obligation precedes the date of HDA's com…

Va. Code Ann. § 36-55.36 Terms and conditions of mortgage insurance

5.7K chars

(1) For mortgage payments to be eligible for insurance under the provisions of this chapter, the underlying mortgage loan shall: (a) be one which is made to and held by a mortgagee approved by HDA as responsible and able to service the mortgage properly; (b) not exceed (i) 100% o…

Va. Code Ann. § 36-55.36:1 Power to create insurance funds and form corporations for the purpose of insuring HDA mortgage loans

2.6K chars

HDA shall have the power to create one or more insurance funds and to form one or more corporations for the purpose of providing replacement mortgage guaranty insurance, upon such terms and conditions as HDA shall prescribe, on mortgage loans made or financed by HDA pursuant to t…

Va. Code Ann. § 36-55.37 Exemption from taxation

1.6K chars

(1) As set forth in the declaration of finding and purpose herein, HDA will be performing an essential governmental function in the exercise of the powers conferred upon it by this chapter, and the notes and bonds of HDA issued and to be issued pursuant to this chapter, the trans…

Va. Code Ann. § 36-55.38 Admission and income limitations relative to housing developments

2.2K chars

(1) Admission to housing developments financed pursuant to the provisions of this chapter shall be limited to persons or families of low or moderate income and, in the case of economically mixed projects, such other persons and families as the HDA shall determine, subject to the …

Va. Code Ann. § 36-55.39 Procedure prior to financing of housing developments undertaken by housing sponsors

2.4K chars

A. Notwithstanding any other provision of this chapter, HDA is not empowered to finance any housing development undertaken by a housing sponsor pursuant to §§ 36-55.31, 36-55.33:1 and 36-55.34:1 of this chapter unless, prior to the financing of any housing development hereunder, …

Va. Code Ann. § 36-55.40 Notes and bonds

9.1K chars

A. 1. HDA shall have power and is hereby authorized to issue from time to time its negotiable notes and bonds in conformity with applicable provisions of the Uniform Commercial Code in such principal amount as HDA shall determine to be necessary to provide sufficient funds for ac…

Va. Code Ann. § 36-55.41 Reserve funds and appropriations

6.3K chars

A. 1. HDA may create and establish one or more special funds (herein referred to as "capital reserve funds"), and shall pay into each such capital reserve fund (i) any moneys appropriated and made available by the Commonwealth for the purpose of such fund, (ii) any proceeds of sa…

Va. Code Ann. § 36-55.42 Refunding obligations; issuance

0.7K chars

HDA may provide for the issuance of refunding obligations for the purpose of refunding any obligations then outstanding which have been issued under the provisions of this chapter, including the payment of any redemption premium thereon and any interest accrued or to accrue to th…

Va. Code Ann. § 36-55.43 Same; sale

1.2K chars

Refunding obligations issued as provided in § 36-55.42 may be sold or exchanged for outstanding obligations issued under this chapter and, if sold, the proceeds thereof may be applied, in addition to any other authorized purposes, to the purchase, redemption or payment of such ou…

Va. Code Ann. § 36-55.44 Deposit and investment of moneys of HDA

2.9K chars

A. All moneys of HDA except as otherwise authorized or provided in this chapter shall be deposited as soon as practicable in a separate account or accounts in banks or trust companies organized under the laws of the Commonwealth, in national banking associations, in federal home …

Va. Code Ann. § 36-55.44:1 Swap agreements by HDA authorized

1.4K chars

In connection with, or incidental to, the issuance or carrying of notes or bonds or the acquisition or carrying of any investments, HDA may enter into swap agreements or other contracts or arrangements which HDA determines to be necessary or appropriate to place obligations or in…

Va. Code Ann. § 36-55.45 Agreement with Commonwealth

0.7K chars

The Commonwealth does hereby pledge to and agree with the holders of any notes or bonds issued under this chapter that the Commonwealth will not limit or alter the rights hereby vested in HDA to fulfill the terms of any agreements made with the said holders thereof or in any way …

Va. Code Ann. § 36-55.46 Commonwealth not liable on notes and bonds

0.3K chars

The notes, bonds or other obligations of HDA shall not be a debt or grant or loan of credit of the Commonwealth of Virginia, and the Commonwealth shall not be liable thereon, nor shall they be payable out of any funds other than those of HDA; and such notes and bonds shall contai…

Va. Code Ann. § 36-55.47 Remedies of noteholders and bondholders

2.3K chars

(1) In the event that HDA shall default in the payment of principal of or interest on any issue of notes and bonds after the same shall become due, whether at maturity or upon call for redemption, and such default shall continue for a period of thirty days, or in the event that H…

Va. Code Ann. § 36-55.48 Grants from Commonwealth

0.3K chars

The Commonwealth may make grants of money or property to HDA for the purpose of enabling it to carry out its corporate purposes and for the exercise of its powers, including, but not limited to, deposits to the reserve funds. This section shall not be construed to limit any other…

Va. Code Ann. § 36-55.49 Notes and bonds as legal investments

1.4K chars

The notes and bonds of HDA shall be legal investments in which all public officers and public bodies of this Commonwealth, its political subdivisions, all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insuranc…

Va. Code Ann. § 36-55.50 Liberal construction

1.2K chars

Neither this chapter nor anything herein contained is or shall be construed as a restriction or limitation upon any powers which HDA might otherwise have under any laws of this Commonwealth, and this chapter is cumulative to any such powers. This chapter does and shall be constru…

Va. Code Ann. § 36-55.51 Reports

1.2K chars

A. HDA shall submit to the Governor within ninety days after the end of its fiscal year a complete and detailed report setting forth: (1) Its operations and accomplishments; (2) Its receipts and expenditures during such fiscal year in accordance with the categories or classificat…

Va. Code Ann. § 36-55.51:1 Annual audit

0.2K chars

An annual audit shall be conducted on the accounts of HDA by an independent certified public accountant, and such audit shall be reviewed by the Auditor of Public Accounts. The cost of such audit and review shall be borne by HDA.

Va. Code Ann. § 36-55.52 Inconsistent provisions in other laws superseded

0.2K chars

Insofar as the provisions of this chapter are inconsistent with the provisions of any other law, general, special or local, the provisions of this chapter shall be controlling.