Loudoun Revitalization Areas

<div style='text-align:Left;'><p>Revitalization Areas identify those portions of Loudoun County, specifically the entire Suburban Policy Area &amp; a portion of the Leesburg Joint Land Management Area, where residential developers can receive tax credit funding for proposed apartment projects. They also gain additional points in the Virginia Housing Development Authority's (VDHA) Low Income Housing Tax Credit (LIHTC) competitive tax credit scoring system.<br /></p><p><span>In the LIHTC competition, with application review based on a point system, an application can receive 15 points for its location in a designated revitalization area. These 15 points may make the difference in winning the LIHTC in the competitive application process leading to the development of an affordable rental project.</span></p></div>