Low-Income Housing Tax Credit Program

The Fund administers 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 18,400 affordable rental units in West Virginia.

The Low-Income Housing Tax Credit Program is a program for developers of low-income residential rental housing. Individuals cannot receive tax credits through this program. Please follow this link to search for affordable rental housing in West Virginia.

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Current News & Updates

2025 and 2026 Allocation Plan–Coming Soon!

The State Housing Credit Ceiling–Set-Aside Categories and Amounts for the 2025 calendar year have been released.

2025 Schedule of Set-Aside Categories and Amounts

For 2025, the Fund’s policies prohibit any reservation or allocation to any one property that exceeds $796,490.  Please refer to the Limitations on Amount of Property Allocation subsection (page 43) of the Manual for additional details.

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 embedded in the Fund’s LIHTCP Application (WVHDF Form 1040).

LIHTCP General Information

2025 and 2026 LIHTCP Tax Credit Manual2025 Schedule of Set-Aside Categories and Amounts

2025 and 2026 LIHTCP Program Calendar

2025 Qualified Census Tracts and Difficult Development Areas

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)

General Instructions for Uploading Files to Microsoft Teams

The 2025 per property credit limitation as referenced in the Limitation on Amount of Property Allocation subsection of the Manual is $796,490.

The 2025 “maximum favorable financing rate” as referenced in the Favorable Financing scoring criterion of the Plan is less than or equal to 6% fixed.

• Internal Revenue Service Rules and Regulations 
• Internal Revenue Service and Department of Housing and Urban Development Notices and Rulings
• Internal Revenue Service Forms
• Fund Application Forms