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VHDA Proposes $1500 Per Unit Increase for Virginia Tax Credit Developers Who Make Provisions for Installing a Hard-Wired Dehumidifier

September 16, 2014 by Leah Smith

VHDA recently proposed changes to the 2015 Low Income Housing Tax Credit Qualified Allocation Plan (QAP) including a $1500 upward adjustment of cost limits per unit if all apartments are equipped with electrical and plumbing hook-ups for a hard-wired dehumidification system.

This is exciting news for Virginia tax credit developers. The expectation is several states will soon follow Virginia’s example.  Many property owners and managers nationwide are struggling with excessive internal humidity and moisture as the unintended consequences of building tighter apartments and meeting building performance design standards.

IW25 Wins AwardOur AWARD WINNING in-wall dehumidifier, the IW-25-1, is currently the only solution available that was engineered and designed specifically for apartments. This makes the IW-25-1 ideal for developers who intend to take advantage of the additional $1500 allocation.

Prior to the introduction of the IW-25-1 by Innovative Dehumidifier Systems, owners trying to solve indoor air issues and prevent mold were forced to choose between ineffective portable units or expensive ducted systems.  Click on the image below to watch a short video and see how the IW-25-1 compares.

If you are a developer who wants to take advantage of the new Virginia incentives or a property manager who wishes to take a more proactive approach to preventing mold in apartments, contact us today.  We would be happy to collaborate with your design or maintenance team to show you how our solution fits into your long-term strategy.  Call us today at (910) 579-3348.

Filed Under: Affordable Housing, Historic / Adaptive Reuse, New Construction

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