Build WV

Build WV Act

Fueling Growth & 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. Before 2028, Putnam County will need around 1,800 rental units and 2,700 for-sale units. A breakdown of these units can be found in the Putnam County housing study.

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How to Apply

To apply for a housing project in Putnam County, please get in touch with the Putnam County Development Authority at pcda@pcda.org or 304-757-6562. 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.

Allowed Incentives 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

This map encompasses projects that may be eligible for Build WV for the Town of Buffalo Build WV district, projects must be in the 20-mile radius of Buffalo.

Buffalo 20 mile radius map

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Putnam County Build WV Project Highlights

PP&J Structures – Residences at Jordon Place Townhomes, Winfield, West Virginia

PP&J Structures are building 33 for-sale unit townhomes in Winfield.