Low-Income Housing Tax Credit Program

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, add the West Virginia Housing Development Fund to your address book.

Current News & Updates

WVHDF LIHTCP Mailing List:

Save the Date for the 2025 Virtual LIHTCP Application Workshop

Tuesday, March 11, 2025, noon to 3:30 p.m. EST, via Zoom

Registration materials will be transmitted to the WVHDF LIHTCP Mailing List within the next several weeks and posted to the Fund’s website.

The Fund has released the 2025 and 2026 Tax Credit Manual. Please see link below.

2025 and 2026 LIHTCP Tax Credit Manual

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 Allocation Plan–Coming Soon!

2025 and 2026 LIHTCP Tax Credit Manual

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 2024 per property credit limitation as referenced in the Limitation on Amount of Property Allocation subsection of the Manual is $769,980.

The 2024 “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