The authority may issue an MCC to an applicant only if his application for the MCC is based upon his purchasing a principal residence that qualifies under 26 CFR 1.25-3 T so that the MCC would be a qualified mortgage credit certificate pursuant to 26 CFR 1.25-3 T.
13 Va. Admin. Code § 10-190-50
Statutory Authority: § 36-55.30:3 of the Code of Virginia.