Build WV
Build WV Act
Fueling Growing & Housing Development in West Virginia’s Thriving Communities
Passed in the 2022 Legislative Session, the BUILD WV Act aims to assist West Virginia’s growing communities in attracting much-needed housing development projects. The credit offers a State Sales and Use Tax exemption for building materials and a 10-year property value adjustment refundable tax credit to offset building costs. West Virginia is one of the fastest-growing inbound states, and the demand for new residential properties has never been higher. The Putnam County district encompasses a 20-mile radius around the town of Buffalo. This encompasses most of Putnam County and portions of Jackson, Mason, and Cabell counties.
Build WV Projects
115
For-Sale Units
348
Rental Units
Projected Housing Demand
1,300
For-Sale Units Needed
2,700
Rental Units Needed
Build WV Projects
Apply for a Housing Project in Putnam County
To apply for a housing project in Putnam County, please get in touch with the Putnam County Development Authority at pcda@pcda.org or (304) 757-0318. PCDA will review your application for free before submitting it to the West Virginia Department of Economic Development (WVDED). WVDED oversees the program and final reviews all applications. A non-refundable application fee of $5,000 is required to apply. Projects must use and be approved before the completion of construction.
The Build WV Act
The Following Incentives are Available for Approved BUILD WV Projects:
1. Sales Tax Exemption
Purchases of building materials, tangible personal property, and services by a construction contractor or subcontractor directly used to construct a certified BUILD WV project are exempt from consumer sales and service tax.
2. Property Value Adjustment Credit (PVAC)
PVAC credit can be taken against the eligible taxpayer’s personal or corporate income tax, beginning in the tax year in which construction of the project property is completed and ending in the 10th taxable year thereafter. This tax credit is refundable, up to $100,000 per project.
3. Potential for B&O Tax Exemption
To be determined by individual municipalities, authorized by an ordinance.
Additional information on Build WV, including other Build districts, can be found at westvirginia.gov/build-wv-act
Recent Build WV Projects
304 at Valley Pointe
The Lakes at Ruffner
The Lakes at Ruffner is our newest community offering single-family detached homes just outside Winfield, with new house plans starting in the low $300s. This community shares the same entrance and amenities as Alexander’s Place. Conveniently located half a mile from Route 35 and just 9 minutes from I-64, providing easy commutes to Teays Valley, Charleston, Huntington, and Apple Grove for Nucor, which is only a 20–24-minute drive away. Located within the Winfield school district, which is recognized for its excellence in education. Residents can enjoy various amenities, including picnic shelters, recreational green spaces, a dog park, a walking trail, and mini lakes stocked with bass, bluegill, and catfish. Welcome to a community where you can truly feel at home!
Christian Court Townhomes
Hurricane, Pifer
Jordan Place
Each home at Residences at Jordon Place offers top-quality craftsmanship and a 1-year builder’s warranty. Experience 1,800 sq. ft. of thoughtfully designed living space with breathtaking riverfront views.
The upstairs features 3 bedrooms, including a master suite with a walk-in closet, and a convenient laundry room. The open living concept downstairs offers an eat-in kitchen, living room with patio access, and ample storage.
Situated along the Kanawha River in charming Winfield, WV.