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The West Virginia Homeowners Rescue Program is NOW OPEN and accepting applications. Please click here to learn more and apply for assistance.

 

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The Fund is responsible for administering the Low-Income Housing Tax Credit Program, which generates low-income residential rental units by encouraging private investment through federal tax credits. Since its inception, this program has produced more than 15,200 affordable rental units in West Virginia.

If you are interested in receiving updates on the Fund’s Low-Income Housing Tax Credit Program,  join the mailing list.

To make sure you do not miss out on any of our emails, the one thing you can do no matter what email service providers you’re using is to add the West Virginia Housing Development Fund to your address book.

Ask a question about this program.

Credit Allocation Recipients

2022 LIHTCP Credit Allocation Recipients (153.3 KB)
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2021 LIHTCP Credit Allocation Recipients (153.3 KB)
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2020 LIHTCP Credit Allocation Recipients (151.9 KB)
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2019 LIHTCP Credit Allocation Recipients (145.8 KB)
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2018 LIHTCP Credit Allocation Recipients (142.4 KB)
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2017 LIHTCP Credit Allocation Recipients (71.5 KB)
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2016 LIHTCP Credit Allocation Recipients (72.6 KB)
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2015 LIHTCP Credit Allocation Recipients (66.6 KB)
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2014 LIHTCP Credit Allocation Recipients (51.5 KB)
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2013 LIHTCP Credit Allocation Recipients (44.2 KB)
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2012 LIHTCP Credit Allocation Recipients (52.0 KB)
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2011 LIHTCP Credit Allocation Recipients (48.7 KB)
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2010 LIHTCP Credit Allocation Recipients (48.3 KB)
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2009 LIHTCP Credit Allocation Recipients (46.2 KB)
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Current News and Updates

The Fund will conduct a public hearing Tuesday, March 14, 2023, on the proposed 2023 and 2024 Allocation Plan. Following are documents related to the public hearing and proposed Plan:

The 2023 and 2024 Tax Credit Manual was approved by the Fund’s Board of Directors on Wednesday, February 22, 2023. 

Save the Date: The Fund has tentatively scheduled the 2023 Application Workshop for Thursday, April 27, 2023, from noon to 3:30 p.m. The workshop will be held via Zoom. Registration materials will be posted as soon as they are available. 

WVHDF Basic Underwriting Spreadsheets

Instructions For Uploading Documents To The Procorem Web Portal (2.0 MB)
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Determination Of Housing Credit Dollar Amount Needed (16.6 KB)
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Analysis Of Property Costs (39.5 KB)
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Analysis Of Intermediary Costs (38.0 KB)
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Note: The example used for the Application Workshop is included in each underwriting spreadsheet above as well as a blank spreadsheet for use to underwrite your property.

LIHTCP General Information

Internal Revenue Code Section 42 (Updated To Reflect The Provisions Of The Housing And Economic Recovery Act Of 2008 And The American Recovery And Reinvestment Act Of 2009) (113.2 KB)
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2021 Schedule Of Set Aside Categories And Amounts (207.0 KB)
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2021 And 2022 Tax Credit Manual (2.3 MB)
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2021 And 2022 LIHTCP Program Calendar (242.1 KB)
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2021 And 2022 Allocation Plan (1.4 MB)
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The 2022 “15% amount” as referenced in the Limitation on Amount of Property Allocation subsection (page 37) of the Manual is $754,500.

The 2022 “maximum favorable financing rate” as referenced in the Favorable Financing scoring criterion (pages 23 through 25) of the Plan is less than or equal to 6% fixed.