{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/36-146.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/36-146.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/36-146.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/36-146.html"}],"law_id":68749,"edition_id":1,"section_id":68749,"structure_id":16156,"section_number":"36-146","catch_line":"Loans","history":"1988, c. 687.","full_text":"Except as otherwise provided in this chapter, money in the Fund shall be used to make loans to housing sponsors and to persons and families of low and moderate income to finance or refinance the acquisition, construction, improvement, ownership or occupancy of housing developments and residential housing for persons and families of low and moderate income.\n\t\tExcept as provided in this chapter, the Department of Housing and Community Development shall determine the terms and conditions of any loan from the Fund, including but not limited to the interest rate and repayment terms of each loan. All loans from the Fund shall be evidenced by appropriate notes of the loan recipient payable to the Fund. Any such loans made with respect to dwellings of residents of the Commonwealth shall be limited to dwellings occupied by persons or families of low and moderate income. The Director of the Department of Housing and Community Development is authorized to require in connection with any loan from the Fund any documents, instruments, certificates, legal opinions or other information it deems necessary or convenient.","order_by":null,"text":{"0":{"id":248877,"text":"Except as otherwise provided in this chapter, money in the Fund shall be used to make loans to housing sponsors and to persons and families of low and moderate income to finance or refinance the acquisition, construction, improvement, ownership or occupancy of housing developments and residential housing for persons and families of low and moderate income.\n\t\tExcept as provided in this chapter, the Department of Housing and Community Development shall determine the terms and conditions of any loan from the Fund, including but not limited to the interest rate and repayment terms of each loan. All loans from the Fund shall be evidenced by appropriate notes of the loan recipient payable to the Fund. Any such loans made with respect to dwellings of residents of the Commonwealth shall be limited to dwellings occupied by persons or families of low and moderate income. The Director of the Department of Housing and Community Development is authorized to require in connection with any loan from the Fund any documents, instruments, certificates, legal opinions or other information it deems necessary or convenient.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16156,"edition_id":1,"name":"Virginia Housing Trust Fund","identifier":"9","label":"chapter","depth":2,"order_by":1,"parent_id":12779,"metadata":{},"date_created":"2026-06-26 04:07:34","date_modified":"2026-06-26 04:07:34","permalink":{"id":209623,"object_type":"structure","relational_id":16156,"identifier":"9","token":"36\/9","url":"\/36\/9\/","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":84587,"structure_id":16156,"section_number":"36-141","catch_line":"Definitions","url":"\/36-141\/","token":"36\/9\/36-141","metadata":false},{"id":65302,"structure_id":16156,"section_number":"36-142","catch_line":"(Effective until January 1, 2026) Creation and management of Fund","url":"\/36-142\/","token":"36\/9\/36-142","metadata":false},{"id":64185,"structure_id":16156,"section_number":"36-143","catch_line":"Deposit of money; expenditures; investments","url":"\/36-143\/","token":"36\/9\/36-143","metadata":false},{"id":70705,"structure_id":16156,"section_number":"36-144","catch_line":"Annual audit","url":"\/36-144\/","token":"36\/9\/36-144","metadata":false},{"id":82811,"structure_id":16156,"section_number":"36-145","catch_line":"Collection of money due Fund","url":"\/36-145\/","token":"36\/9\/36-145","metadata":false},{"id":68749,"structure_id":16156,"section_number":"36-146","catch_line":"Loans","url":"\/36-146\/","token":"36\/9\/36-146","metadata":false},{"id":85588,"structure_id":16156,"section_number":"36-147","catch_line":"Grants","url":"\/36-147\/","token":"36\/9\/36-147","metadata":false},{"id":69760,"structure_id":16156,"section_number":"36-148","catch_line":"Pledge of assets to secure bonds of the HDA","url":"\/36-148\/","token":"36\/9\/36-148","metadata":false},{"id":69687,"structure_id":16156,"section_number":"36-148.1","catch_line":"Authorization of funding from HDA","url":"\/36-148.1\/","token":"36\/9\/36-148.1","metadata":false},{"id":69411,"structure_id":16156,"section_number":"36-149","catch_line":"Formation of corporation","url":"\/36-149\/","token":"36\/9\/36-149","metadata":false},{"id":72628,"structure_id":16156,"section_number":"36-150","catch_line":"(Effective January 1, 2026) Reports","url":"\/36-150\/","token":"36\/9\/36-150","metadata":false},{"id":80459,"structure_id":16156,"section_number":"36-151","catch_line":"Liberal construction of chapter","url":"\/36-151\/","token":"36\/9\/36-151","metadata":false}],"previous_section":{"id":82811,"structure_id":16156,"section_number":"36-145","catch_line":"Collection of money due Fund","url":"\/36-145\/","token":"36\/9\/36-145","metadata":false},"next_section":{"id":85588,"structure_id":16156,"section_number":"36-147","catch_line":"Grants","url":"\/36-147\/","token":"36\/9\/36-147","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/36-146\/","history_text":"

This law was first created in 1988. The record of its establishment is cataloged in chapter 687 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 1988 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":false,"permalink":{"id":209645,"object_type":"law","relational_id":68749,"identifier":"36-146","token":"36\/9\/36-146","url":"\/36-146\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/36-146\/","token":"36\/9\/36-146","dublin_core":{"Title":"Loans","Type":"Text","Format":"text\/html","Identifier":"\u00a7 36-146","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Except as otherwise provided in this chapter, money in the Fund<\/span> shall be used to make loans to housing sponsors<\/span> and to persons and families of low and moderate income<\/span> to finance or refinance the acquisition, construction, improvement, ownership or occupancy of housing developments<\/span> and residential housing<\/span> for persons and families of low and moderate income<\/span>.\n\t\tExcept as provided in this chapter, the Department<\/span> of Housing and Community Development shall determine the terms and conditions of any loan from the Fund<\/span>, including but not limited to the interest rate and repayment terms of each loan. All loans from the Fund<\/span> shall be evidenced by appropriate notes of the loan recipient payable to the Fund<\/span>. Any such loans made with respect to dwellings of residents of the Commonwealth shall be limited to dwellings occupied by persons or families of low and moderate income<\/span>. The Director of the Department<\/span> of Housing and Community Development is authorized to require in connection with any loan from the Fund<\/span> any documents, instruments, certificates, legal opinions<\/span> or other information it deems necessary or convenient.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nLOANS (\u00a7 36-146)\n\nExcept as otherwise provided in this chapter, money in the Fund shall be used to\nmake loans to housing sponsors and to persons and families of low and moderate\nincome to finance or refinance the acquisition, construction, improvement,\nownership or occupancy of housing developments and residential housing for\npersons and families of low and moderate income.\n\t\tExcept as provided in this chapter, the Department of Housing and Community\nDevelopment shall determine the terms and conditions of any loan from the Fund,\nincluding but not limited to the interest rate and repayment terms of each loan.\nAll loans from the Fund shall be evidenced by appropriate notes of the loan\nrecipient payable to the Fund. Any such loans made with respect to dwellings of\nresidents of the Commonwealth shall be limited to dwellings occupied by persons\nor families of low and moderate income. The Director of the Department of\nHousing and Community Development is authorized to require in connection with\nany loan from the Fund any documents, instruments, certificates, legal opinions\nor other information it deems necessary or convenient.\n\nHISTORY: 1988, c. 687.","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}}