Low-Income Housing Tax Credit (LIHTC) Program

Low-Income Housing Tax Credit (LIHTC) Program is sponsored by U.S. Treasury Department (administered by Virginia Housing). This opportunity supports mission-aligned projects and measurable outcomes.

Rental Housing Tax Credits Information Learn more about Mortgage Relief Resources Virginia Housing offices will be closed on Friday, June 19. The federal Low-Income Housing Tax Credit (LIHTC or Housing Tax Credit) program is sponsored by the U.S. Treasury Department. We are proud to administer this program for Virginia, which encourages the development of affordable rental housing by providing owners a federal income tax credit.

It also provides incentive for private investors to participate in the construction and rehabilitation of housing for low-income families. Housing Tax Credit Process Housing tax credits are a way of encouraging developers to create affordable housing. In return for setting aside a percentage of units in your rental development for low-income tenants, you receive tax credits which help offset the cost of construction.

The process of how we distribute the tax credits is outlined in our Qualified Allocation Plan (QAP). 2026 Federal Housing Tax Credit Manual Housing Tax Credit Programs We accept applications for 9% Housing Tax Credits once a year, usually in mid-March. The process is competitive and applications are ranked according to scoring criteria outlined in our Qualified Allocation Plan (QAP).

The scores in the pools are used to subdivide the available per capita credits. Reservations are then made to developments in order of rank, as long as credits are available within the given pools. Developments financed with tax-exempt bonds are eligible to apply for housing tax credits on a rolling basis and do not need to compete for credits.

These applications must meet the minimum requirements of the QAP to be eligible for Housing Tax Credits, however they do not contain the same placed-in-service time restraints as the competitive 9% Housing Tax Credits. Information is required to notify affected localities before you apply for federal Low Income Tax Credits.

Access Locality Notification Information Portal Submitting the Locality Notification Information (LNI) Tutorial Housing Tax Credit Application and Resources Learn how the application process works for both the 4% and 9% Housing Tax Credits and how to apply for each.

Application and Resources The Resource and Reference Materials page contains additional information about the Housing Tax Credit program, such as videos, forms, guidelines, requirements and more. Housing Tax Credit Applications Archive We provide access to all competitive and non-competitive Housing Tax Credit reservation applications and market studies for your review .

IRS Form 8609 Application Owners of residential low-income rental buildings are allowed a housing credit for each qualified building over a 10-year credit period. A separate Form 8609 must be issued for each building in a multiple building project.

Certification of Sources and Uses Independent Auditor's Report Form Final Cost Certification Guidelines General Contractor Cost Certification Worksheet Final RESNET Certification of Development For more information on the 8609 Application process, please refer to the Federal Housing Credit Manual . Event and LIHTC Cycle Year Calendar Virginia Housing provides workshops for each cycle year and for specific topics.

Access our event registration below. Sessions will appear only when available. For issues with our systems or forms, create a support ticket.

Rental Housing Technology Support Tax Credit Allocation Announcements UPDATED! 2026 9% Final Rankings UPDATED!

2026 HOTC Final Rankings 2026 HOTC Applications Received July 2026 (Round 3) 4% LNI Submissions 2026 Competitive 9% Preliminary Rankings 2027 Proposed QAP Changes 2026 HOTC-4% (Round 2) LNI Summary List 2026 Competitive 9% Applications Received 2026 LIHTC Workshop Presentation 2025 9% Preliminary Rankings 2025 9% Applications Received LIHTC 9% Competitive Comment Form Inclusion, Diversity, Equity and Access Resources We define BIPOC Developers as private developers with minority ownership of 51% or greater (i.e. BIPOC) and non-profit organizations that have 51% or greater BIPOC board membership and also are BIPOC led, serving socially and/or economically disadvantaged populations.

Small Business Supplier Diversity Metropolitan Business League Virginia Hispanic Chamber of Commerce Virginia Asian Chamber of Commerce Carolinas-Virginia Minority Supplier Development Council City of Richmond’s Office of Minority Business Development Housing tax credit application process Housing tax credit application data Reference and resource materials Virginia Housing Rental Funding