Division of Housing and Neighborhood Revitalization

Low-Income Housing Tax Credits (LIHTC)

LIHTC is a federal program that is administered at the State level and was designed as an incentive to encourage the development of affordable housing.  In exchange for the acquisition, rehabilitation, or construction of affordable rental housing units, owners are allowed to reduce their federal tax liability.  Federal regulations require that properties acquired, constructed, or renovated under the LIHTC program remain available to low to moderate income households.

In York County, the Division of Housing and Neighborhood Revitalization is partnered with Community Housing Partners (CHP), a non-profit organization.  Under the LIHTC program, CHP was able to purchase and renovate the property formally known as Yorkshire Townhouses, now known as the Woods of Yorktown, and most recently, Yorktown Square I.

Under federal guidelines, LIHTC applicants must reserve a minimum of 20% of the units for tenants with income of 50% of the area median gross income (AMGI), or tenants with income of 60% of the AMGI must occupy a minimum of 40% of the units.

Contact Information:
Administration Center
224 Ballard Street/P. O. Box 532
Yorktown, VA 23690-0532
Phone:  (757) 890-3885
Email

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