December 21, 2022

About the Virginia Communities of Opportunity Program Tax Credit (COPTC)

About the Virginia Communities of Opportunity Program Tax Credit (COPTC)

The Virginia Communities of Opportunity Program (COP), which the 2022 General Assembly [§58.1-439.12:04 of the Code of Virginia] amended and reenacted, is intended to help “decentralize poverty by enhancing low-income Virginians’ access to affordable housing units located in higher income areas.”

Participating landlords who lease property within the eligible Census tract (poverty rate lower than 10%) and accept Housing Choice Vouchers could be eligible to receive an income tax credit.

The participating landlord may be an individual owner, trust, general partnership, limited partnership, limited liability partnership, or elected small business corporation. In order to qualify, applications must be received by January 31st. Applications will be processed by April 1st.

Additional resources for this program:

DISCLAIMER: The information gathered here is deemed reliable as of the date of publication, but each aforementioned agency has the right to change its information, rates, and processes. Visit the COPTC web page for the most updated information.

For additional information on this topic contact Evelyn Miller, Partner, at 202-753-7400.

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