The West Virginia Housing Development Fund published its final 2021-2022 QAP and Tax Credit Manual. Below is a summary of the incorporated changes made to the 2021 and 2022 Allocation Plan in response to public comments on the draft 2021 and 2022 Allocation Plan:

 

  1. Syndication of Investment Interests (pages 30 and 31) – Points Available were corrected to reflect 25 points.

 

  1. Developer Experience in the LIHTC Program (pages 31 and 32) – The Fund has added the following provision:

 

If a property of the developer has placed in service, but the applicable state housing finance agency has not issued the final Allocation Certifications for such property, the Fund will accept the following documentation in lieu of the above-required final Allocation Certifications:

  • Applicable placement in service documentation (e.g., Certificates of Occupancy issued in accordance with state or local law) for all buildings in the property and
  • A statement from an authorized representative of the applicable state housing finance agency that the placement in service documentation is acceptable and the state housing finance agency will issue the Allocation Certifications once the final placed-in-service application is received.

 

  1. Proximity to Senior Amenities (pages 48 and 49) – This scoring criterion has been modified as follows:

 

Twenty points will be awarded to an applicant which submits documentation evidencing that the property is located within 1/5th of a mile from amenities for the senior population, including health and retail establishments, home health agencies, senior citizen activity centers, public recreational facilities with activities offered specifically to the senior population, and/or hospitals.

OR

Ten points will be awarded to an Applicant which submits documentation evidencing that the property is located within five miles from amenities for the senior population, including health and retail establishments, home health agencies, senior citizen activity centers, public recreational facilities with activities offered specifically to the senior population, and/or hospitals.

 

  1. Energy Efficiency and Quality of Housing (pages 61 through 69) – Based upon a comment received, the Fund found some errors in this section of the Plan. Accordingly, corrections were made to the section header and to the Laundry Closet with Washer and Dryer or Hookup Only scoring criterion as follows:

Section Header:

Energy Efficiency and Quality of Housing (Total Maximum Points Available:  200195 for New Supply or 185180 for Existing Low-Income Housing)

Laundry Closet with Washer and Dryer or Hookup Only scoring criterion:

Laundry Closet with Washer and Dryer or Hookup Only (Maximum Points Available: 10)

  1510   points will be awarded to properties that provide, in conjunction with the construction or rehabilitation, within each residential rental unit, a laundry closet containing a new washer and a new dryer, without any additional charge to the tenant.

OR

  107   points will be awarded to properties that provide, in conjunction with the construction or rehabilitation, within each residential rental unit, a laundry closet containing a washer and dryer hookup, without any additional charge to the tenant. In order to be eligible for the points available, the tenant must be allowed to install a washer and dryer in the unit.

For Existing Housing Properties only: In conjunction with the above scoring criterion, the Fund may consider new washers and new dryers, which have been newly installed in the previous 24 months and are still in like-new condition. If the property is selected, the following must be submitted no later than 30 calendar days prior to equity closing:

  • Dated invoices for each of the recently replaced appliances and
  • A detailed list of the units in which each appliance is currently installed.

However, the applicant must agree that such washers and dryers will be replaced as prescribed above if the Fund’s designated construction professional determines that such replacement is warranted.

Scoring Alternative Applicable to Existing Housing:

1510   points will be awarded to properties that provide, in conjunction with the construction or rehabilitation, a laundry room with new washers and new dryers. Such washers and dryers may be coin-operated.