The Fund established the Development Financing Program to provide financing for a variety of housing and nonresidential development projects. The various programs of the Development Financing Program include:

• Leveraged Loan Program - This program provides construction and/or permanent financing for new multifamily rental developments or those requiring acquisition and rehabilitation.
• Mini-Mod Rehabilitation Program - This program provides landlords affordable financing to renovate existing apartment units.
• USDA 538 Program - This program provides short term, below market interest rate financing for the construction of new multi-family rental developments, to be replaced by permanent loan financing upon completion.
• Demolition Program - This program provides cities and counties with resources to acquire and remove vacant and dilapidated properties from their communities.
• Constructing Affordable Sensible Homes (CASH) - This program provides a guaranteed purchase contract to builders and/or modular home manufacturers for speculative homes constructed in West Virginia with a pre-construction appraised value not exceeding $150,000.
• Land Development - This program provides low fixed rate interest loans to builders and developers to buy land and install infrastructure improvements.

Three Field Service Managers cover the State to provide information and technical assistance for each of the above-mentioned programs.

Contact the Field Service Manager for your region.

Low-Income Housing Tax Credit Program (LIHTCP)

The Fund is responsible for administering the Low-Income Housing Tax Credit Program, which generates low-income residential rental units by encouraging private investment through federal tax credits.
View more information on the Low-Income Housing Tax Credit Program (LIHTCP).

Tax Credit Assistance Program (TCAP)

Neighborhood Stabilization Program (NSP)

Community Housing Development Organization (CHDO)

Proposals will be reviewed for any project that complies with HUD regulations. Of the HOME funds administered by the Fund, 15% are set aside for CHDO organizations to use in the development of housing opportunities for lower income West Virginia families. These funds are allocated to CHDO organizations by an RFP process.
View more CHDO information.

HOME CHDO:  REQUEST FOR PROPOSAL 2010-01

HOME CHDO:  Operating Grant

HOME Rents and Limits

2009 WV HOME SF Program Income Limits

2009 HOME Program Rents

2009 Per Unit Subsidy Limits

HOME Setup and Completion Forms

Rental Set Up and Completion Form

Homebuyer Set Up and Completion Form
Minority Business Enterprise/Women Business Enterprise Report

CHDO Certification and Recertification Forms

CHDO Certification Application Form (CHDO-A)

CHDO Recertification Form (CHDO-B)

Staff Member Information Form (WVHDF Form CHDO-100)

Certification of Low-Income Representation Form (WVHDF Form CHDO-101)

Board Member Requirements Form (WVHDF Form CHDO-102)
Certification of Financial Systems Form (WVHDF Form CHDO-103)

Environmental Forms and Information

Universal Design Standards

Universal Design Standards