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
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
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
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.