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 Alexandria
 Code of Ordinances
 Title 3. Finance, Taxation and Procurement
 Chapter 2. Taxation
 Article L. Real Estate Tax Relief
 Division 2. Affordable Homeownership Preservation Program

  § 3-2-173. Same—eligibility, restrictions generally.  

Latest version.

  • A grant under this division in any taxable year shall be subject to the following restrictions and conditions:

    (1)

    The household income of the applicant shall not exceed $72,000.

    (2)

    The assessed value of the real estate owned by the applicant shall not exceed $527,000.

    (3)

    The net combined financial worth of an applicant shall not exceed $50,000.

    (4)

    The applicant and/or the applicant's spouse shall own at least 50 percent interest in the real estate.

    (5)

    As of January 1 of the taxable year, the applicant must occupy the real estate for which the grant is sought as his or her sole residence and must be expected to so occupy the real estate throughout the year; provided, that an applicant who is residing in a hospital, nursing home, convalescent home or other facility for physical or mental care shall be deemed to meet this condition so long as the real estate is not being used by or leased to another for consideration.

    (6)

    An applicant shall file the affidavit or written statement required by section 3-2-175 no later than September 1 of the taxable year.

    (7)

    An applicant for a grant provided under this division shall not participate in the real estate tax exemption or deferral program for the elderly or permanently and totally disabled provided under division 1 of this article, and no grant shall be applied to real estate taxes on property subject to such exemption or deferral program.

    (8)

    An applicant for a grant provided under this division shall not be delinquent on any portion of the real estate taxes to which the grant is to be applied.

    (9)

    An applicant must have received a grant under this provision for calendar year 2007. (Ord. No. 4350, 5/15/04, Sec. 1; Ord. No. 4390, 5/2/05, Sec. 1; Ord. No. 4444, 4/25/06, Sec. 1; Ord. No. 4533, 5/5/08, Sec. 1)

    Editorial Note: It should be noted that § 2 of Ord. No. 4533 provides that "this ordinance shall become effective upon the date and at the time of its final passage and shall apply to taxable year 2008 and subsequent taxable years."