{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/36-139.5.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/36-139.5.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/36-139.5.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/36-139.5.html"}],"law_id":62844,"edition_id":1,"section_id":62844,"structure_id":15420,"section_number":"36-139.5","catch_line":"Power to enter into agreements with owners of housing developments eligible for federal low-income housing credits","history":"1992, c. 455.","full_text":"The Department 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 Internal Revenue Code and such other provisions as the Department shall deem necessary or appropriate. Any such agreement shall be enforceable in accordance with its terms in any court of competent jurisdiction in the Commonwealth by the Department or by such other persons as shall be specified in the United States Internal Revenue Code. Any such agreement, when duly recorded as a restrictive covenant among the land records of the jurisdiction or jurisdictions in which the development is located, shall run with the land and be binding on the successors and assigns of the owner. All references in this section to the United States Internal Revenue Code shall include any amendments thereto and any regulations promulgated thereunder, as the foregoing may be or become effective at any time.","order_by":null,"text":{"0":{"id":229087,"text":"The Department 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 Internal Revenue Code and such other provisions as the Department shall deem necessary or appropriate. Any such agreement shall be enforceable in accordance with its terms in any court of competent jurisdiction in the Commonwealth by the Department or by such other persons as shall be specified in the United States Internal Revenue Code. Any such agreement, when duly recorded as a restrictive covenant among the land records of the jurisdiction or jurisdictions in which the development is located, shall run with the land and be binding on the successors and assigns of the owner. All references in this section to the United States Internal Revenue Code shall include any amendments thereto and any regulations promulgated thereunder, as the foregoing may be or become effective at any time.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15420,"edition_id":1,"name":"Department of Housing and Community Development","identifier":"8","label":"chapter","depth":2,"order_by":1,"parent_id":12779,"metadata":{},"date_created":"2026-06-26 03:54:46","date_modified":"2026-06-26 03:54:46","permalink":{"id":209523,"object_type":"structure","relational_id":15420,"identifier":"8","token":"36\/8","url":"\/36\/8\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12779,"edition_id":1,"name":"Housing","identifier":"36","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:52","date_modified":"2026-06-26 03:43:52","permalink":{"id":208257,"object_type":"structure","relational_id":12779,"identifier":"36","token":"36","url":"\/36\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":85732,"structure_id":15420,"section_number":"36-131","catch_line":"Definitions","url":"\/36-131\/","token":"36\/8\/36-131","metadata":false},{"id":78232,"structure_id":15420,"section_number":"36-132","catch_line":"Creation of Department; appointment of Director","url":"\/36-132\/","token":"36\/8\/36-132","metadata":false},{"id":79307,"structure_id":15420,"section_number":"36-132.1","catch_line":"Commission on Local Government","url":"\/36-132.1\/","token":"36\/8\/36-132.1","metadata":false},{"id":72675,"structure_id":15420,"section_number":"36-133","catch_line":"Director to supervise Department","url":"\/36-133\/","token":"36\/8\/36-133","metadata":false},{"id":70092,"structure_id":15420,"section_number":"36-134","catch_line":"General powers of Director","url":"\/36-134\/","token":"36\/8\/36-134","metadata":false},{"id":79131,"structure_id":15420,"section_number":"36-135","catch_line":"Board of Housing and Community Development; members; terms; chairman; appointment of ad hoc committee","url":"\/36-135\/","token":"36\/8\/36-135","metadata":false},{"id":59665,"structure_id":15420,"section_number":"36-136","catch_line":"Meetings of Board","url":"\/36-136\/","token":"36\/8\/36-136","metadata":false},{"id":67323,"structure_id":15420,"section_number":"36-137","catch_line":"Powers and duties of Board; appointment of Building Code Academy Advisory Committee","url":"\/36-137\/","token":"36\/8\/36-137","metadata":false},{"id":64849,"structure_id":15420,"section_number":"36-138","catch_line":"Repealed","url":"\/36-138\/","token":"36\/8\/36-138","metadata":false},{"id":62273,"structure_id":15420,"section_number":"36-139","catch_line":"Powers and duties of Director","url":"\/36-139\/","token":"36\/8\/36-139","metadata":false},{"id":72598,"structure_id":15420,"section_number":"36-139.01","catch_line":"Department to develop form; smoke alarms in rental units","url":"\/36-139.01\/","token":"36\/8\/36-139.01","metadata":false},{"id":61773,"structure_id":15420,"section_number":"36-139.02","catch_line":"Translation of forms and documents","url":"\/36-139.02\/","token":"36\/8\/36-139.02","metadata":false},{"id":70645,"structure_id":15420,"section_number":"36-139.1","catch_line":"Sale of real property for housing demonstration projects","url":"\/36-139.1\/","token":"36\/8\/36-139.1","metadata":false},{"id":80967,"structure_id":15420,"section_number":"36-139.10","catch_line":"(Effective January 1, 2026) Department of Housing and Community Development consolidated report","url":"\/36-139.10\/","token":"36\/8\/36-139.10","metadata":false},{"id":68779,"structure_id":15420,"section_number":"36-139.2","catch_line":"Repealed","url":"\/36-139.2\/","token":"36\/8\/36-139.2","metadata":false},{"id":62844,"structure_id":15420,"section_number":"36-139.5","catch_line":"Power to enter into agreements with owners of housing developments eligible for federal low-income housing credits","url":"\/36-139.5\/","token":"36\/8\/36-139.5","metadata":false},{"id":58707,"structure_id":15420,"section_number":"36-139.5:1","catch_line":"Eligibility for Industrial Site Development Program","url":"\/36-139.5_1\/","token":"36\/8\/36-139.5_1","metadata":false},{"id":62384,"structure_id":15420,"section_number":"36-139.6","catch_line":"Additional powers and duties of Director; oversight of planning district commissions","url":"\/36-139.6\/","token":"36\/8\/36-139.6","metadata":false},{"id":69047,"structure_id":15420,"section_number":"36-139.7","catch_line":"Boundaries of planning districts","url":"\/36-139.7\/","token":"36\/8\/36-139.7","metadata":false},{"id":66872,"structure_id":15420,"section_number":"36-139.8","catch_line":"Repealed","url":"\/36-139.8\/","token":"36\/8\/36-139.8","metadata":false},{"id":62789,"structure_id":15420,"section_number":"36-139.9","catch_line":"Local housing policy; report to Department","url":"\/36-139.9\/","token":"36\/8\/36-139.9","metadata":false},{"id":87243,"structure_id":15420,"section_number":"36-140","catch_line":"Repealed","url":"\/36-140\/","token":"36\/8\/36-140","metadata":false},{"id":58755,"structure_id":15420,"section_number":"36-140.01","catch_line":"Virginia Community Development Financial Institutions Fund and Program; report","url":"\/36-140.01\/","token":"36\/8\/36-140.01","metadata":false}],"previous_section":{"id":68779,"structure_id":15420,"section_number":"36-139.2","catch_line":"Repealed","url":"\/36-139.2\/","token":"36\/8\/36-139.2","metadata":false},"next_section":{"id":58707,"structure_id":15420,"section_number":"36-139.5:1","catch_line":"Eligibility for Industrial Site Development Program","url":"\/36-139.5_1\/","token":"36\/8\/36-139.5_1","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/36-139.5\/","history_text":"<p>This law was first created in 1992. The record of its establishment is cataloged in chapter 455 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1992 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":false,"permalink":{"id":209585,"object_type":"law","relational_id":62844,"identifier":"36-139.5","token":"36\/8\/36-139.5","url":"\/36-139.5\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/36-139.5\/","token":"36\/8\/36-139.5","dublin_core":{"Title":"Power to enter into agreements with owners of housing developments eligible for federal low-income housing credits","Type":"Text","Format":"text\/html","Identifier":"\u00a7 36-139.5","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The <span class=\"dictionary\">Department<\/span> 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 Internal Revenue Code and such other provisions as the <span class=\"dictionary\">Department<\/span> shall deem necessary or appropriate. Any such agreement shall be enforceable in accordance with its terms in any <span class=\"dictionary\">court<\/span> of competent <span class=\"dictionary\">jurisdiction<\/span> in the Commonwealth by the <span class=\"dictionary\">Department<\/span> or by such other persons as shall be specified in the United States Internal Revenue Code. Any such agreement, when duly recorded as a restrictive covenant among the land records of the <span class=\"dictionary\">jurisdiction<\/span> or <span class=\"dictionary\">jurisdictions<\/span> in which the development is located, shall run with the land and be binding on the successors and assigns of the owner. All references in this section to the United States Internal Revenue Code shall include any amendments thereto and any regulations promulgated thereunder, as the foregoing may be or become effective at any time.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nPOWER TO ENTER INTO AGREEMENTS WITH OWNERS OF HOUSING DEVELOPMENTS ELIGIBLE FOR\nFEDERAL LOW-INCOME HOUSING CREDITS (\u00a7 36-139.5)\n\nThe Department may enter into agreements with the owners of housing developments\nwhich are or will be eligible for low-income housing credits under the United\nStates Internal Revenue Code. Any such agreement shall contain covenants and\nrestrictions as shall be required by the United States Internal Revenue Code and\nsuch other provisions as the Department shall deem necessary or appropriate. Any\nsuch agreement shall be enforceable in accordance with its terms in any court of\ncompetent jurisdiction in the Commonwealth by the Department or by such other\npersons as shall be specified in the United States Internal Revenue Code. Any\nsuch agreement, when duly recorded as a restrictive covenant among the land\nrecords of the jurisdiction or jurisdictions in which the development is\nlocated, shall run with the land and be binding on the successors and assigns of\nthe owner. All references in this section to the United States Internal Revenue\nCode shall include any amendments thereto and any regulations promulgated\nthereunder, as the foregoing may be or become effective at any time.\n\nHISTORY: 1992, c. 455.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}