Communities of Opportunity Tax Credit (COPTC)

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The Communities of Opportunity Program (COP) is a Virginia income tax credit program enacted by the 2010 General Assembly [§§ 58.1-439.12:04 of the Code of Virginia]. It is intended to decentralize poverty by enhancing low-income Virginians’ access to affordable housing units in higher income areas. To do this, COP provides Virginia income tax credits to landlords with property in less-impoverished areas within the Greater Richmond MSA, Washington-Arlington-Alexandria MSA and Virginia Beach-Norfolk-Newport News MSA who participate in the Housing Choice Voucher program. All applications received by January 31 will be processed by the April 15 tax deadline for that current year.