$5,000 tax credit to buy or renovate your Virginia home

virginia-at-home_Virginia-Livable-Home-Tax-Credit-program_photo-by-Kevin-Foster

You can save $5,000 buying or renovating your house with the Virginia Livable Home Tax Credit program. The LHTC for short. The LHTC is offered to improve safety and comfort for aging-in-place. That means accessibility, and also visitability, of Virginia homes.

“Tax credits are available for up to $5,000 for the purchase/construction of a new accessible residence and up to 50 percent for the cost of retrofitting existing units, not to exceed $5,000.”

Here are the basics to apply for the tax credit:

  • Who: The Virginia Department of Housing and Community Development (DHCD)
  • What: The Virginia Livable Home Tax Credit program (LHTC)
  • Where: Virginia
  • When: On or after January 1, 2008
  • Why: To improve accessibility and universal visitability in Virginia’s residential units
  • How: Apply by February 28 each year for work completed during the prior year

To learn more or download the application, visit The Virginia Livable Home Tax Credit (LHTC) program

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