Homeownership Interest Rate for May 28, 2017:
4.25% (APR: 4.742%)

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April 25, 2017
The West Virginia Housing Development Fund’s Board of Directors has approved a loan to the Kanawha County Commission to help take down...
April 18, 2017
  Erica L. Boggess has been named Executive Director of the West Virginia Housing Development Fund.     Boggess, who has...
March 30, 2017
A message to our customers:   Here at the Fund, we are proud of what we do. We are honored by the fact that so many West Virginians...
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...

Fund Re-Introduces Program to Help Homebuilders

CASH Program is back

For more information, contact Steve Fisher at 304.391.8718

CHARLESTON, W.Va.   The West Virginia Housing Development Fund has brought back one of its most popular home-building programs. Constructing Affordable Sensible Homes Program, or the CASH Program, encourages builders and modular home dealerships to construct and market single family homes.

“We sat down with builders and many in the housing community and attempted to redevelop this program and make it something that could work for everyone. Their input was immensely helpful and we look forward to builders and many others using CASH to bolster our state’s housing supply,” said Erica Boggess, the Fund’s Acting Executive Director. 

Developed as a builder’s incentive program, CASH provides that the Fund will agree to purchase qualifying homes from qualified builders at a determined percentage of its final appraised value if the builder is unable to sell the house during a defined marketing period.

“By using CASH, builders across West Virginia can alleviate at least some of the risk inherent in home construction," Boggess explained. 

“We brought back CASH for a number of reasons, but a contributing factor was the state’s growing natural gas industry. As we’ve worked with leaders in that sector, many have noted that safe, affordable housing is tough to find,” Boggess said. 

CASH was initially created to address the lack of newly constructed and moderately-priced housing in North Central West Virginia, needed for the anticipated influx of potential homebuyers associated with the FBI's Criminal Justice Information Services Division outside Clarksburg.  In 2008, the program was placed on hold because of a declining housing market in the state.

Boggess added that CASH could work well in conjunction with the Fund’s already-established and very successful Demolition Program. 

“The DEMO program is an affordable way for counties and cities to tear down abandoned buildings.  It seems only natural that building a new home on a demolition site could go a long way toward revitalizing that neighborhood,” she said.

For more information on CASH, including a detailed manual about building requirements, proper documentation and what it takes to get started, please visit our website at www.wvhdf.com.

For more information on CASH, including a detailed manual about building requirements, proper documentation and what it takes to get started, please click on our CASH Program Guide. 

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.