Low-income housing; tax credit for specialty populations, expands availability.

Housing opportunity tax credit; specialty populations. Expands availability beginning in taxable year 2022 of the nonrefundableVirginia Housing Opportunity Tax Credit, which is equal to the amountof the federal low-income housing tax credit allocated or allowedby the Virginia Housing Development Authority, to qualified specialtypopulation projects, defined in the bill as low-income buildingsthat are eligible for the federal credit that creates housing for individuals who (i) have been issued an intellectual disability or developmental disability waiver, (ii) require behavioral health treatmentor services, or (iii) require treatment or services for substanceuse and abuse recovery. No more than $2.5 million in credits shallbe granted per calendar year for such qualified specialty populationprojects.