Virginia Provides New Options for Receiving LIHTC QAP Green Points
October 18, 2018
By: Mike Brown, MaGrann Associates
with PHFA to encourage effective strategies to reduce energy costs, improve indoor air quality, and promote sustainability and resiliency in construction for income- restricted individuals.
As an organization with deep roots in building science and sustainability in affordable housing, MaGrann is a firm believer in providing choices for developers and their teams, especially as related to energy efficiency and green building strategies. We have partnered over many years with developer teams to cost effectively achieve green building certification through programs including Enterprise Green Communities, LEED for Homes, LEED Midrise, ICC 700 National Green Building Standard, DOE’s Zero Energy Ready Home, and Passive House (PHIUS), in addition to ENERGY STAR and ENERGY STAR Multi-Family High Rise.
At MaGrann, we understand the needs and challenges associated with the affordable housing community. We are proud to have worked with affordable housing developers over the last 35 years to provide quality housing for families in need. We applaud Virginia in taking this step to improve their QAP and help support the cause of sustainable and affordable housing for all.
New Green Certification Options for VA LIHTC QAP:
This October, the Virginia Housing Development Authority (VHDA) Board will approve changes to the 2019 Low Income Housing Tax Credit (LIHTC) Qualified Allocation Plan (QAP) which will provide developer teams a greater variety of options to obtain Green Points. This change aligns Virginia with many other states where developers are provided with options in choosing the green program that is right for their project. These options will present real cost savings and improved access to funding streams for Developers. MaGrann is proud to have worked with Virginia and many other states to promote the use of green certification programs for points in the QAP.
MaGrann’s long history of working with State HFAs, Housing Authorities, and affordable housing teams to help them develop high quality sustainable housing started in New Jersey. In the ‘90s. Our development team worked with the NJHMA to recognize ENERGY STAR as a point category in that Agency’s LIHTC QAP. MaGrann also worked