April 28, 2015

VHDA Tax Credit Director Receives EarthCraft Virginia Award

We are proud to announce that VHDA’s Jim Chandler, Director of the Low-Income Housing Tax Credit Program, recently received the Visionary Award from EarthCraft Virginia. The award recognizes the outstanding efforts of organizations and individuals for their leadership in sustainable housing.

Chandler was recognized for helping to change Virginia’s Qualified Allocation Plan to provide tax credit incentives that increase the use of green building methods in the construction and rehabilitation of affordable housing developments. As a result of these changes, more than 17,000 apartments in Virginia have been or soon will be EarthCraft-certified as energy efficient housing.

The benefits of these QAP changes were supported by a year-long study conducted by Housing Virginia and the Virginia Tech Center for Housing Research. The study found that apartments designed, built and certified with the EarthCraft Multifamily green building program outperform standard new housing by more than 40% with respect to energy consumption. This makes the units more affordable and also provides benefits to residents that include increased comfort and improved indoor air quality.

Chandler received the award during EarthCraft Virginia’s 6th Annual Sustainable Leadership Awards program. Each year, EarthCraft Virginia presents awards in a variety of categories to builders, developers and other stakeholders throughout the region who demonstrate superior dedication to the advancement of sustainable housing.

Chandler was recently recognized by Affordable Housing Finance magazine as the “dean of LIHTC allocators” for his widespread influence in the Federal Tax Credit program.
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