Low-Income Housing Tax Credit (LIHTC) Compliance
The federal Low-Income Housing Tax Credit (LIHTC) Program is sponsored by the U.S. Treasury Department and administered in West Virginia through WVHDF. The program is authorized under Section 42 of the Internal Revenue Code of 1986 to encourage development of affordable rental housing by providing property owners with federal income tax credit.
WVHDF’s Asset Management department monitors properties that have received LIHTC by periodically reviewing that qualified units provide safe, decent and affordable housing and that eligible renters occupy these units.
Following are Low-Income Housing Tax Credit compliance forms and documents currently in use:
Rent & Income Limits
LIHTCP General Information
- Internal Revenue Service Rules and Regulations
- Internal Revenue Service and Department of Housing and Urban Development Notices and Rulings
- Internal Revenue Service Forms
Asset Verification Forms
Income Verification Forms