First-Time Home Buyer Savings Plan Act

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Chapter 12 of the Code of Virginia, titled “First-Time Home Buyer Savings Plan Act.” It is part of Title 36 “Housing”. It contains 5 laws.

It’s comprised of the following 5 sections.

§ 36-171	Definitions
§ 36-172	Claiming first-time home buyer status
§ 36-173	Tax exemption; conditions
§ 36-174	Withdrawal of funds from account for purposes other than eligible costs for first-time home purchase
§ 36-175	False claims prohibited; penalty