                                 CODE OF VIRGINIA

ADMISSION AND INCOME LIMITATIONS RELATIVE TO HOUSING DEVELOPMENTS (§ 36-55.38)

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 limitation in subsection C of &#xA7;
36-55.30:2.

2. HDA shall make and publish rules and regulations from time to time governing
the terms of tenant selection plans and income limits for tenants eligible to
occupy housing developments assisted by HDA in conformance with the provisions
of this chapter and such income limits may vary with the size and circumstances
of the person or family.

3. HDA shall by rules and regulations provide income standards for continued
residence in housing developments assisted by HDA, and either HDA, or with its
approval the housing sponsor of any such housing development may terminate the
tenancy or interest of any person or family residing in any such housing
development whose gross aggregate income exceeds prescribed income standards for
a period of six months or more; provided, that no tenancy or interest of any
such person or family in any such housing development shall be terminated except
upon reasonable notice and opportunity to obtain suitable alternate housing, in
accordance with rules and regulations of HDA; provided further, that any such
person or family, with the approval of HDA, shall be permitted to continue to
occupy the unit, subject to payment of a rent or carrying charges or surcharge
to the housing sponsor in accordance with a schedule of surcharges fixed by HDA.

4. Any person or family residing in a housing development which shall be a
cooperative and is required to be removed from the housing development because
of excessive income as herein provided shall be discharged from liability on any
note, bond or other evidence of indebtedness relating thereto and shall be
reimbursed, in accordance with the rules of HDA, for all sums paid by such
person or family to the housing sponsor on account of the purchase of stock or
debentures as a condition of occupancy or on account of the acquisition of title
for such purpose.

HISTORY: 1972, c. 830; 1975, c. 536; 1996, c. 498; 2004, c. 187.