The authorising statute for the Vermont Housing and Conservation Trust Fund. Load-bearing provisions: § 311(a) creates the Vermont Housing and Conservation Board as a body politic and corporate; § 312 creates the Fund in the State Treasury and provides that 'The Fund shall be administered by the Board'; § 303(1) and (2) define 'Board' and 'Fund'; § 303(3)(A) defines an eligible activity by reference to dwelling units affordable to lower income Vermonters, and to 120 percent of median income for owner-occupied housing; § 303(4) lists eligible applicants; § 303(5) defines 'lower income' as 'less than or equal to the median income' — a ceiling at 100 percent of median, which is materially looser than the 80 percent most programmes use and is the reason VHCB's operative restrictions come from the covenant rather than the statute; § 321(a)(3) and (7) are the rulemaking powers; § 321(b)(2) makes the Board the HOME subrecipient under a memorandum of understanding with the State as participating jurisdiction; § 321(c) makes the Board 'the exclusive designated entity' for the national Housing Trust Fund; § 322 is the allocation system, including the priority for activities 'of perpetual duration'; § 323 is the Board's own annual report to the General Assembly.

The Zoning Commission's half of the programme: which developments are subject (1001.2, ten or more new dwelling units), how much area must be set aside (1003.1-1003.4, 8 or 10 percent of residential gross floor area or a share of the bonus density, with an IZ Plus table keyed to the FAR increase), at which MFI levels (1003.7-1003.10), and for how long (1004.1, 'for so long as the inclusionary residential development exists'). 11-C1000.2 is the boundary between the two chapters: the Commission expressly leaves prices, rents, unit sizes, household selection and enforcement to the IZ Act and DHCD.

CORRECTION TO A COMMON MIS-CITE: the state-credit regulation is 13VAC10-200, not 13VAC10-180. 13VAC10-180 is the federal LIHTC allocation regulation and contains no reference to the housing opportunity credit. Cited for 13VAC10-200-50, the eligibility certificate issued on approval of a final cost certification, and 13VAC10-200-60(A), which is the clearest piggyback provision in this whole program: Virginia Housing monitors HOTC developments 'in the same manner it monitors LIHTC properties pursuant to the IRC and in accordance with 13VAC10-180'. STALENESS WARNING recorded deliberately: this chapter has never been amended since its January 2022 effective date and still recites the superseded $60 million / $255 million cap framework and a 'one-year HOTC credit period'; the statute has been amended four times since. Where the two disagree the statute governs, and the corpus cites the statute for anything the regulation would contradict.

This chapter is the operational half of the District's Inclusionary Zoning Program: certification before occupancy, the lottery, annual recertification, the over-income test, the annual owner report, the covenant, and the cure period. The set-aside percentages and the MFI levels are NOT here; they are in the Zoning Commission's 11-C DCMR Chapter 10. 14-2299 defines Annual Income by reference to 24 CFR 5.609 'as of the effective date of these amended regulations', which freezes the federal definition at its 29 December 2017 text and is the single most consequential sentence in the chapter for an operator running HOTMA-era certifications.

1 page, 913,385 bytes, sha256 5a5054089752744366123090b12cd7a4efe5c0aa1667abd0fc7eddefcbe00249, fetched 2026-08-29. THE MOST RECENT INCOME AND RENT LIMIT SCHEDULE DBAS PUBLISHES, AND IT IS ELEVEN YEARS OLD. The project-owners page links 2011, 2012, 2013, 2014 and 2015 and nothing later; no newer schedule was located on dbas.as or spectrumlihtc.com on 2026-08-29. Sourced on its face to http://www.huduser.org/datasets/il.html and carrying the Spectrum Enterprises copyright. Dated from the document's own face: 'Effective 3/6/2015 (The above income limits are for projects that Placed In Service from 5/14/2010 to Present)'. One income tier only, 60 percent, by household size 1-8: $26,040 / $29,760 / $33,480 / $37,200 / $40,200 / $43,200 / $46,140 / $49,140. Maximum rents at 60 percent by unit size 0BR-5BR: $651 / $697 / $837 / $967 / $1,080 / $1,153. Together with the 2013 ASPA utility allowance letter this means BOTH sides of the gross-rent equation for the American Samoa portfolio are frozen at published values around a decade old. Recorded as published, with that staleness as the controlling caveat; confirm with DBAS or Spectrum before any current-year calculation. Cited by as.lihtc.income_and_rent_limit_series_pacific_islands_2015_schedule.

20 pages, 10,849,423 bytes, sha256 5fd639972151be7904831bbeb84c39e11aa94f09fbf95b52a0d5d520ac9b0dca, fetched 2026-08-29. Weighted secondary: it is an annual programme report rather than a rule or a guidance document, and every obligation it describes is also stated in the 2026 Compliance Overview, the fact sheets or the recorded Declaration. Used for the process narrative that the operating documents assume -- the Zoning Permit, Plan Review, Building Permit and Certificate of Occupancy milestones, the statement that the 50-year compliance period 'officially starts' at the Certificate of Occupancy stage (which is in tension with the recorded Declaration's 'last Certificate of Occupancy issued for the Project' and is recorded as an open question), the four-step compliance process of marketing, initial certification, annual income verification and three-year audit, and the /MIN payment-in-lieu waiver requiring proof of exceptional circumstance and public benefit with a 15 percent floor and no waiver granted to date. Also the source for the programme's scale: $36.3 million in payments to the City since 2019, 300 affordable units under construction and created, 20 projects receiving certificates of occupancy in 2024 creating 61 affordable units, and 11 households in Mixed Income Housing units using Housing Choice Vouchers across two developments -- which is what makes the voucher rent carve-out a live rather than theoretical interaction.

69 pages, 7,640,238 bytes, sha256 fe844adedf6d509353bb9ec42a286a70adfa0564d98090367fe8342f2c9dd322, fetched 2026-08-24. The City of Chicago is a separate LIHTC allocating agency from IHDA and receives its own portion of the Illinois state housing credit ceiling; DOH publishes its own QAP on a roughly two-year cycle (2019, 2021, 2023, 2025). Sections used for the Chicago overlay: II.ii (fees -- $25 per residential unit annual compliance monitoring fee and the $20 per unit late penalty, p. 8); II.F (affirmatively furthering fair housing, low-barrier tenant selection plans, VAWA Adherence Plan, pp. 5-6); VIII.M.ii.b (Required Property Management Staff Credentials table, pp. 31-32); VIII.P.i (5% Continuum of Care Set-Aside at 30% AMI, pp. 37-38); VIII.Q (Qualified Contract Waiver, p. 41); XII.C (Extended Use Agreement, Cook County recording, Form 8609 to Long-term Monitoring within 30 days, pp. 48-49); XII.D.ii (Compliance Monitoring -- record keeping and 36-year retention pp. 50-51, the October 1 Annual Owner's Certification and its thirteen enumerated certifications pp. 51-52, the inspection process p. 52, notification and the 90-day Corrective Action Period p. 53, Failure to Comply and Workout Plans pp. 53-54). IMPORTANT: the PDF carries no adoption, approval or effective date on its face; the 'published' date here is the file's own publication timestamp, not a stated legal effective date. Distinct from and NOT to be confused with the undated blank-form draft still hosted at https://www.chicago.gov/dam/city/depts/dcd/Housing%20Programs/DraftLIHTCAP.pdf (Daley-era, Department of Housing and Economic Development, sha256 c6f2686025f19734430845c71f432cdfc1c38543eadf1d5180f611be918a9f4d), which no rule in this corpus cites.

6 pages, 305,242 bytes, sha256 11ce3a33ad4755e13d050bccef84bee5034f856023e2a34701498dec96766229, fetched 2026-08-30. No date is printed on the document's own face; the 2026-05-15 in its file name and its PDF CreationDate of 15 May 2026 agree with each other but neither is on the face, so `published` is null. Cited in this corpus for one thing only: its restatement that TOD projects must be 'within 1/2 mile of transit stop with a priority for High-Capacity Transit locations' and must 'pay the 2% loan origination fee and annual 1% simple interest payments', which is the evidence that those 2018 Guidelines terms are still current. Also records the 2026 fund sources (MIDD behavioural health sales tax, VSHSL, RAHP, TOD, HOME outside Seattle), the 2026 priorities, and the use of the statewide Combined Funders Application.

1 page, 99,583 bytes, sha256 39e55effa78c079a81142f2ae51036a2f9def510769decf6e641257defb63026, fetched 2026-08-29. All three dates are off the page face: 'Income Limits - Effective date 6/01/2026', 'Rent Limits - Effective date 06/01/2026 (FMR Effective 06/01/2025)'. FY 2026 Median Income $134,400. THIS IS THE CHART THE OTHER THREE ARE BUILT FROM, and it says which rows are HUD's and which are Austin's: 30, 50, 60 and 80 percent income limits and the 50, 65, LOW HOME, HIGH HOME and FMR rents are marked as provided by HUD; the 30% and 40% rents are marked as provided by TDHCA; the rest are 'calculated by Housing based on the formula used by HUD', with the note that 'HUD rounds to the nearest $50 dollars with the exception of 60% MFI' and that the 'MFI Chart was expanded to include other percentages used by Housing'. Income bands run 20/30/40/50/60/65/70/80/100/120/140 percent across household sizes 1 through 8. Rent limits run efficiency through six bedrooms and, unlike the density bonus sheet, keep efficiency and one-bedroom separate -- which is the whole mechanism behind Austin's rent spread.

Reviewed September 7, 2026. Page 1 includes the implementation condition and asset self-certification amount. This source establishes calendar-year amounts, not a universal verification schedule or program implementation date.

1 page, 540,007 bytes, sha256 962de04398052054dc315b13a2751fa7e66488239a4200d5f7a89cd7d7c8aded, fetched 2026-08-29. Its face prints '2026 Income and Rent Limit - Land Use Schedule I / Effective Date: July 1, 2026' and no publication date, so 'published' is null rather than taken from the PDF CreationDate of 2026-06-29. Header figures: 2025 AMI $106,600, 2026 AMI $108,100, change 1.4%. Table I income bands: Extremely Low (30%), Very Low (50%), Low (80%), Moderate (120%), Workforce (150%), family sizes one through nine. Table II maximum rents by bedroom size Single through 8-BR; the Very Low (50%) one-bedroom is $1,666 -- against $1,022 for the same band on Schedule VI, which is the divergence the Los Angeles overlay exists to record. The schedule carries NO footnote defining 'Gross', no utility allowance instruction and no statement of the HUD table it derives from.

1 page, 537,927 bytes, sha256 c68de33dc8d63c2d35b342b09b20244e910aefae4f2c95a0d562e81d1348b735, fetched 2026-08-29. Face prints '2026 Income and Rent Limit - Land Use Schedule VI / Effective Date: July 1, 2026'; no publication date, so 'published' is null (PDF CreationDate 2026-06-29). Header carries two columns, AMI and Net AMI: 2025 $106,600 / $100,100 and 2026 $108,100 / $102,150, with 'Change in Net AMI from 2025 = 2.0%'. TRAP: Table I income bands are Acutely Low (15%), Extremely Low (30%), Very Low (50%), Low (80%) and Moderate (120%) -- with the Moderate row printing the SAME figures as the Low row -- while Table II rent bands are 15%, 30%, 50%, 60% and 110%. The income and rent band sets do not correspond, and the schedule offers no cross-reference between them. Very Low (50%) one-bedroom rent is $1,022. Nothing on the face defines what 'Net' is net of.

1 page, 529,243 bytes, sha256 f647a017e3dcbf81f7fa41a0437faf86a707449858e087f143e31389edad4509, fetched 2026-08-29. Face prints '2026 Income and Rent Limit - Land Use Schedule X / Effective Date: July 1, 2026'; no publication date (PDF CreationDate 2026-06-29). Same AMI / Net AMI header as Schedule VI. TRAP: this schedule MIXES BASES INSIDE ONE TABLE. Its income rows are labelled 'Extremely Low (HCD - 30%)', 'Very Low (HCD - 50%)', 'Low (HUD - 80%)', 'Moderate (HCD - 120%)' and 'Moderate (HUD - 120%)', and the two Moderate rows carry different figures ($133,250 and $199,900 for a family of four). The rent table follows the same labelling, producing $1,022 for a Very Low one-bedroom and $2,665 for a Low one-bedroom. This is the schedule that governs a non-LAHD-funded TOC project.

1 page, 77,048 bytes, sha256 ef9a3a4213f2b41880715db704c86d6f870ca8adf7c939972d5e6ad163d92606, fetched 2026-08-30. READ BY RENDERING, NOT BY EXTRACTION. The embedded font is subsetted with no ToUnicode map, so pdftotext returns transposed nonsense rather than nothing: the title extracts as '0102 456789 5 95 8 8 95 5 789759 75'. An agent that parses rather than renders will read this document as gibberish and may mistake it for a scan. Every figure was read off a 200-dpi raster of page 1. Content: maximum household income by household size 1-8 at 30, 35, 40, 45, HOME Very Low Income, 50, 60, 65, 70, 80 and HOME Low Income; and maximum rents by unit size studio to 5 bedroom at the same bands plus Low HOME and High HOME rents. Three footnotes on the face: 'All Income and Rents Limits effective May 1, 2026 except for HOME.'; '*2026 HOME Program Income and Rents Limits (effective June 1, 2026)'; and '** King County uses 1.5 persons per bedroom to determine the household size and corresponding rent limits'. THE 80 PERCENT COLUMN BREAKS THE PATTERN OF THE OTHERS. Every band from 30 through 70 percent is a simple multiple of the 50 percent very low income figure -- one person at 50 percent is $57,550 and 60 percent posts $69,060, exactly 1.2x -- but 80 percent posts $81,700 for one person and $116,650 for four, where 1.6x the very low income figure would be $92,080 and $131,520. The 80 percent column is identical to the chart's separate HOME Low Income column, i.e. HUD's nationally capped low-income limit. `published` is null because the document carries no publication or revision date on its face; only the two effective dates. Its PDF CreationDate is 12 June 2026.

1 page, 302,787 bytes, sha256 b2e77f4a8ed84aff9bd0aec2ad7de4eff1ac117b2e1b68dd7983678cc3b9141b, fetched 2026-08-29. The date is off the page face: 'Effective Date: April 1, 2026'. The PDF's CreationDate is 7 May 2025 and its ModDate 27 July 2026, i.e. the 2026 sheet was produced by editing the prior year's file. THE SERIES IS THE FEDERAL ONE: the heading reads 'FY 2026 Multifamily Tax Subsidy Project (MTSP) Income Limit Area / Atlanta- Sandy Springs-Roswell, GA HUD Metro FMR Area Median Income: $117,800' and the disclaimer points readers to huduser.gov's MTSP dataset. So Atlanta republishes the same rows Georgia DCA uses for LIHTC, adding a 140 percent income band and a home purchase price table HUD does not publish. THE RENT TABLE'S HEADING IS THE FINDING: '2026 Rent Limits (Based on 2026 MTSP Income Limits, not including UA)'. Read with the LURA's 'not including utilities and mandatory fees', Atlanta's cap is a NET rent with utilities and mandatory fees chargeable on top, which is the reverse of Denver, Minneapolis and Austin. Income bands run 30/50/60/80/100/120/140 percent across household sizes 1 through 6 only; rent bands run 30/50/60/80/100/120 across efficiency through four bedrooms. TWO ARITHMETIC OBSERVATIONS, both checked cell by cell against the chart itself. The Home Purchase Price Maximums are exactly 3.0 times the income limit for the imputed household size ($74,250 is 3 x $24,750; $79,575 is 3 x the 1.5-person interpolation) with no interest rate, down payment, tax or insurance assumption at all. And the 30 percent income row is out of line at six persons: every other cell holds the one-person 30 percent limit at exactly 0.6 of the 50 percent limit, but at six persons the ratio is 0.649 and $44,360 is not 30 percent of any published figure -- most likely HUD's extremely-low-income floor at the federal poverty guideline, which this pass did not verify. The anomaly propagates into the rent table, because a four-bedroom imputes six persons.

35 pages, 452,121 bytes, sha256 f0ffa0b1c943422beab90a935d039ca44c81b2cf1af4c4e2dbbc7c7b89b679dd, fetched 2026-08-24. HPD is designated by NYS HCR as a Local Housing Credit Agency (a designation renewed annually) and has allocated LIHTC directly since 1988; the QAP is adopted with mayoral approval. Sections used for the NYC overlay: V (fees, incl. the $25/tax-credit-unit annual Compliance Monitoring Fee, p. 7); Threshold Criteria 5 (30-year regulatory agreement, qualified-contract waiver, p. 13) and 8 (marketing requirements/HPD-supervised lottery, p. 14); X (Administrative Process for Extended Use Period -- recorded restrictive covenant, HPD-form lease rider, third-party enforcement, pp. 27-28); XI (Compliance Monitoring -- record keeping and retention pp. 28-29, annual certification pp. 29-31, compliance review/HQS inspection p. 31, recertification waiver and notification of noncompliance p. 32, delegation of authority and liability p. 33).

Cited for Section IV(B)(2), which states the 40 percent at 50 percent AMI condition for an RPP loan and points to Appendix G for the programme guidelines. The corpus already holds src.nc.qap_appendix_f and src.nc.qap_appendix_g for the same 2026 cycle; this is the plan body they are appendices to.

2 pages, 48,880 bytes, sha256 c5b28e6146b0474ea1e96bf3ccde50a9945c289572eb002bf72432b42003f18f, fetched 2026-08-29. Both dates are off the document's own face: each page prints '(Effective: May 1, 2026)' under the title and 'Updated: 5/13/2026' in the footer, so the posting date is twelve days after the stated effective date. THIS IS THE HUD MULTIFAMILY TAX SUBSIDY PROJECT SERIES, NOT A DERIVED CITY CHART. The income page names its source data as https://www.huduser.gov/portal/datasets/mtsp.html and the rent page names https://www.chfainfo.com/rental-housing/asset-management/rent-income-limits -- i.e. HOST republishes the same series the state allocator uses, which is the opposite of what San Francisco, Seattle, Los Angeles and Boston do. The arithmetic confirms it: a studio at 30% is $756/mo, exactly 30% of the one-person 30% income limit of $30,240 over twelve, and a 1-BR at 30% is $810, the standard section 42 bedrooms-times-1.5 imputation between the one- and two-person limits. Income bands run 30/40/50/60/70/80/90/95/100/120 percent across household sizes 1 through 6 ONLY; rent bands run the same ten percentages across studio through 4-bedroom ONLY. The chart states it serves four programs: Mandatory Affordable Housing; City Funded Housing / Dedicated Funding for Affordable Housing (Linkage Fee); CHFA LIHTC / HUD Multifamily Tax Subsidy; and Rezones (Limited). Page 2 also carries the Final FY 2026 Fair Market Rents effective 10/1/2025 'for those agreements that must compare the current AMI limit to the FMR'.

123,057 bytes, sha256 04551c05298228de1fb107266c759030a387eb91ace713b8305d6d1c7e0e0b61, fetched 2026-08-29. Both dates are off the document's own face: the footer prints 'Effective Date: 06/01/2026' and Note 1 prints 'Source: U.S. Dept. of Housing and Urban Development, published: 05/01/2026'. THIS IS NOT THE TCAC/HCD OR HUD MTSP SERIES. Note 2 reads: 'Figures derived by SF MOHCD from HUD's 2026 Median Family Income for a 4 person Household for San Francisco (HMFA), unadjusted for high housing costs, and are rounded to the nearest $50.' Note 4 adds that the figures are 'further derived via application of MOHCD AMI Hold Harmless Policy'. The chart runs from 15% to 200% of median across household sizes 1 through 11. The Hold Harmless Policy itself is referenced by a tinyurl with a truncated effective date on the face of the chart and was not fetched this pass.

5 pages, 140,234 bytes, sha256 04663b103da55f32981ae275288df6fd6b835cf4dfc483de9e593c8531f6e7e2. The 'LIHTC allocating agency estimate' UA the 2026 manual names as one permitted method - published annually by unit type (single family house/attached, low-rise, high-rise) on the HUD-52667 form layout, dated 1/1/2026. Published beside the '2026 Rhode Island Housing's Housing Finance Agency Utility Model' (the input model, 365,527 bytes, sha256 617397177e4070cecd4c3479841358237018c8757719c7026c51160ff9c3dc49) on the compliance page under Annual Publications. Annual series; the schedule itself is the evidence that the agency-estimate method exists and what it currently says.

1 page, 130,690 bytes, sha256 f21f0d0fa807dff8aa71b46519208c4c95fa8d758d13495e48fcf0c3743e2d52, fetched 2026-08-31; PDF created and last modified 2026-07-14. Three bands by eight household sizes: 80% AMI ($96,000 at one person), 110% AMI ($131,978) and 140% AMI ($161,792). The 80 and 110 percent rows are IDENTICAL to the corresponding rows of the rental limits sheet, which is the evidence that one ladder underlies both. Footnoted 'Income limits refer to gross annual household income, which is pre-tax and pre-deduction (excepting expenses for self-employment)'. The same '1 Person' header defect that appears on the rental sheet does NOT appear here; this sheet's headers run 1 through 8 correctly.

1 page, 113,760 bytes, sha256 bb0cec863d78ace57ea823fe06635aae1af79afa27b1fb3c1899737a93f0cd09, fetched 2026-08-31; PDF created and last modified 2026-07-14, which is the published date recorded here, with the effective date taken off the tables themselves. CARRIES BOTH THE INITIAL AND THE RECERTIFICATION LADDERS, which is what makes it the Somerville over-income source. Initial (1-person figures): 50% AMI $60,000, 80% AMI $96,000, 110% AMI $131,978. Recertification (1-person): 50% AMI $84,000, 80% AMI $134,400, 120% AMI $143,976 -- note that the third recertification band is labelled 120%, not the 110% of the initial ladder. Footnoted 'These limits are only used during recertification for pre-existing Inclusionary tenants' and 'AMI: Area Median Income for the Boston-Cambridge-Quincy Metro Area'. A TYPOGRAPHICAL DEFECT ON THE FACE OF THE DOCUMENT: both tables print their third column header as '1 Person' where the sequence requires '3 Person' (the headers read 1, 2, 1, 4, 5, 6, 7, 8). The figures in that column are consistent with a three-person household on every row, so the defect is in the header only -- but it is reproduced here rather than silently corrected, because a reader matching a household to a column could take the wrong one.

The 4% track. Several operational specifics live only here and do not automatically apply to a 9% deal.

Oklahoma adds age.

The recorded instrument behind every VHCB affordability restriction. § 610(a) defines a housing subsidy covenant and lists the conditions under which one may be created, including 'a grant, loan, or contract made by an agency, instrumentality, or political subdivision of this State'. § 610(b) is what gives the covenant its content: it 'may include without limitation restrictions on the use of real property, restrictions on resale price, restrictions on tenant income and rents'. § 610(c) requires a separate, distinct, recorded document. § 610(d) permits a perpetual duration and requires any amendment or termination to be by written agreement of the owner and all persons holding the right to enforce, executed and recorded the same way. § 610(e) makes it run with the land and enforceable according to its terms, by the subsidy provider or an assignee. This is the statutory basis for stating that Vermont's income and rent restrictions are set by the covenant rather than by a published state limit table.

18 pages, 241,610 bytes, sha256 b8d80397b33b14152cc967ad4808ef424a48949d3b04f334778155251fcc15b5, fetched 2026-08-24. Adopted under RPTL 485-x (Chapter 56 of the Laws of 2024), which conferred sole rulemaking authority on HPD except as to construction and prevailing wages. Sections used: 63-01 definitions of 'Monitoring Contract' (fee owner supplies monthly rent rolls to the Marketing Monitor and notifies it within seven business days of a vacancy; the Marketing Monitor files quarterly rent rolls with HPD and must ensure vacant affordable units are promptly marketed, rented only to Agency-approved income-qualified households, never to a corporation or partnership, and offered a one- or two-year rent-stabilized lease at the tenant's option), 'Marketing Monitor', 'Permitted Rent' (lesser of the Legal Rent, the rent for a comparable market unit in the same Eligible Site, or 30% of the applicable AMI percentage less any Utility Allowance, with the utility-allowance deduction permitted only if applied to every Affordable Housing Unit in the Eligible Site), 'Permanent Conversion' (defined by reference to the regulatory agreement with the tax credit monitoring agency) and 'Housing Connect'; 63-04 (rent and income during the Restriction Period, including 63-04(g): no lease may be executed until HPD verifies the eligibility of the proposed tenants); and 63-06 (penalties computed as a percentage of the capitalized value of the benefits, imposed after notice and an opportunity to be heard under 28 RCNY Chapter 39).

Section 3(j) names the Illinois Housing Development Authority as Program Administrator; section 5 creates the Illinois Affordable Housing Trust Fund; section 10(b) requires a deed restriction, agreement or other legal document providing for recapture on all assisted housing; sections 10(e) and (f) protect an over-income household from being made to move while permitting a fair-market rent. Sections 5.5 and 8.5 were repealed by P.A. 103-616, eff. 7-1-24.

Read in full 2026-08-29. The provision that matters most is (a)(9)(B), requiring the allocation plan to ensure eligible rental housing is "maintained as affordable by subsidy covenant, as defined in 27 V.S.A. § 610, on a perpetual basis" -- PERPETUAL, with no terminal date, and enforced as a Vermont property-law subsidy covenant rather than as a section 42 extended use agreement. Also cited for (c) and (d), the five-year deemed-allocation structure; (e), the credit certificate that must accompany every return claiming the credit; (a)(10), which brings an assignee or transferee within the definition of taxpayer and so makes the credit transferable; (a)(7)(B), which treats cash paid to VHFA to purchase credits as an eligible contribution; (a)(8) defining Section 42 credits by reference to 26 U.S.C. §§ 38 and 42; and (b)(1)(B)(i), requiring a binding commitment, reservation, allocation or out-of-cap determination letter for section 42 credits. NOTE THE ABSENCE, deliberately recorded rather than assumed: a full-text search of the section as served found NO occurrence of 'recaptur'. Vermont's downtown credit at § 5930ff does carry an express recapture section, so the omission reads as deliberate, but the corpus states it as an open question rather than as a finding of no consequence. The published text also does not yet reflect 2026 Act 164 § 17, which the legislature's acts-affecting table records as amending § 5930u(h) -- a down-payment-assistance allocation provision that does not touch the rental compliance terms cited here.