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 14,700 affordable rental units.
If you are interested in receiving updates on the Fund's Low-Income Housing Tax Credit Program by being added to the mailing list, please click here.
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.
HUD designated Qualified Census Tracts and Difficult Development Areas for West Virginia for 2018 can be found at this link.
As referred to in the Favorable Financing scoring criterion of the 2017 and 2018 Allocation Plan, the “maximum favorable financing rate” is less than or equal to 6% fixed.
The Fund is providing the following Notification Letter pro-forma and Calculation Worksheets for the Fund’s Qualified Contract Process. For additional details regarding the Fund’s Qualified Contract Process refer to the Qualified Contract Request Procedure section of the current Tax Credit Manual.