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 17,200 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
WVHDF Basic Underwriting Spreadsheets
Above is a link to the Fund’s main underwriting spreadsheets. The three main underwriting spreadsheets used by the Fund are (1) Analysis of Intermediary Costs, (2) Analysis of Property Costs, and (3) Determination of Housing Credit Dollar Amount Needed. The link is to an Excel file which contains two tabs for each underwriting spreadsheet – one which is a locked example, and a second which is a blank which may be used to enter property-specific information. It is of note that the three underwriting spreadsheets are imbedded in the Fund’s LIHTCP Application (WVHDF Form 1040).
LIHTCP General Information
The 2023 per property credit limitation as referenced in the Limitation on Amount of Property Allocation subsection of the Manual is $754,500.
The 2023 “maximum favorable financing rate” as referenced in the Favorable Financing scoring criterion of the Plan is less than or equal to 6% fixed.