15.2-956 - Participation in certain federal development programs. - Virginia Statutes

§ 15.2-956. Participation in certain federal development programs.

A. Any locality may participate in a program under Title I (CommunityDevelopment) of the United States Housing and Community Development Act of1974, as amended, the National Affordable Housing Act of 1990, the Housingand Community Development Act of 1992 or any other federal legislation orprogram under which the locality may receive and use or administer the use offederal funds for housing, community development or economic developmentpurposes. Any such locality may undertake the community developmentactivities specified in such legislation or programs unless such activitiesare prohibited by the Constitution of Virginia. Any locality may appropriateits own moneys for the same purposes for which federal funds may be employedunder the provisions of such federal legislation or program unless prohibitedby the Constitution of Virginia. Any federal funds, or portion thereof,received by a locality under such legislation or programs may be deposited ina special fund which shall be established separate and apart from any otherfunds, general or special; such funds shall be deemed to be federal funds andshall not be construed to be part of the revenues of such locality.

B. Any city with a population over 100,000 which appropriates local fundspursuant to subsection A may use the income guidelines established by theVirginia Housing Development Authority for its single-family mortgage subsidyprogram to determine eligibility for home-ownership assistance from its localfunds.

(1976, c. 251, § 15.1-29.7; 1978, c. 374; 1979, c. 187; 1993, c. 380; 1995,c. 349; 1997, c. 587.)