Homeownership Interest Rate for March 24, 2017:
4.25% (APR: 4.742%)

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February 14, 2017
We are pleased to present the West Virginia Housing Development Fund’s Fiscal Year 2016 Annual Report. This is an important record of...
January 26, 2017
  The West Virginia Housing Development Fund is excited to welcome Governor Jim Justice and Agriculture Commissioner Kent Leonhardt...
December 21, 2016
  West Virginia’s natural beauty is truly unmatched.   Our citizens are among the brightest, hardest working and...
December 6, 2016
The West Virginia Housing Development Fund is proud to announce a new video designed to help our partners across the lending and banking...
October 6, 2016
          Standard & Poor’s Rating Service has once again affirmed West Virginia Housing...
August 25, 2016
  To assist those affected by flooding in towns and communities across our state, the West Virginia Housing Development Fund...
August 10, 2016
Borrowers can pay mortgage, check balance from smart phone or tablet    Now there’s an easy, secure way to access your...
June 23, 2016
CHARLESTON – The West Virginia Housing Development Fund is excited to announce a new initiative that will help our state’s low-income...
May 18, 2016
    We are pleased to present the West Virginia Housing Development Fund’s Fiscal Year 2015 Annual Report. This is an...
March 22, 2016
Program vital for West Virginia   CHARLESTON – The West Virginia Housing Development Fund is taking time in 2016 to celebrate 30...

Fund to Help Transform Old School into Apartments for Seniors

Complex named in honor of late Wayne County Commissioner
 

 

WAYNE – Ground was broken recently on a new senior housing development and recreational center which is being funded using West Virginia Housing Development Fund programs.
 

The former Wayne Elementary School will be renovated to create the James H. Booton Memorial Apartments. Booton was a member of the Wayne County Commission and also served as  Wayne County Clerk.
 

The complex, which is expected to be completed in about a year, will eventually have 18 one-bedroom apartments and a senior center on the lower floor.
 

 “This is an important and needed development for Wayne County,” said Erica Boggess, the Fund’s Acting Executive Director. “It’s an ideal location for residents because of its proximity to town and it breathes new life into an old building. I can’t say enough about the teamwork and dedication of all involved. We look forward to seeing the finished product and we’re excited for everyone who will get to call this place home.”
 

During remarks before the groundbreaking, Congressman Nick Joe Rahall, D-W.Va., commended Booten’s  dedication to the community and how these apartments would stand as a lasting monument to his legacy.
 

“(Booton) loved Wayne County and he worked tirelessly to make it a better place,” the longtime Congressman said. “He would be proud of this complex and the teamwork it took to make it a reality.”
 

Developers utilized three Fund programs to finance the development, including the Low-Income Housing Tax Credit Program, the Leveraged Loan Program and the Special Assistance Lending Program.
 

  Dignitaries and elected leaders from across West Virginia gather for a ceremonial groundbreaking at the James H. Booton Memorial Apartments in Wayne, W.Va.  The West Virginia Housing Development Fund helped finance the development. In addition to being West Virginia’s leader in affordable mortgage finance, the Fund has a number of programs to help developers of multi-family rental units.   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dignitaries and elected leaders from across West Virginia gather for a ceremonial groundbreaking at the
James H. Booton Memorial Apartments in Wayne, W.Va.  The West Virginia Housing Development Fund helped
finance the development.) 

The West Virginia Housing Development Fund is the state's affordable mortgage finance agency.

The WVHDF was established to develop and improve the state's housing opportunities for residents.