Individuals or licensed contractors filing Virginia income tax returns who have incurred costs for the purchase/construction of new residential units with
accessibility or universal visitability features, or for the retrofitting of existing residential units with these features, on or after January 1, 2008 are eligible for the program under the following guidelines. Eligible purchase or retrofitting expenses cannot be claimed by more than one taxpayer.
Eligible housing units must meet the following requirements:
- New residential units must include at least three features of the universal visitability standards, or include at least three accessibility features.
- Existing units being retrofitted must include at least one accessibility or visitability feature.
- All accessibility and universal visitability features must be completed in conformity with the provisions of Virginia’s Uniform Statewide Building Code.
- Accessibility features that are provided in order to comply with existing Fair Housing, Equal Opportunity, Americans with Disabilities Act, or other
local, state or federal requirements are not eligible for tax credits.
- Additionally, accessibility features that are funded through the Granting Freedom Program, Indoor Plumbing Rehabilitation program, Community
Development Block Grant program, or other local, state or federal programs are not eligible for tax credits.
- Costs for accessibility or visitability features must be incurred by the applicant in order to claim the tax credit. http://www.dhcd.virginia.gov/LHTC