Homeownership Interest Rate for March 25, 2017:
4.25% (APR: 4.742%)

Header Menu

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...

Residents Find Sense of Community in Huntington Housing Development

Founders Landing redeveloped with help from Fund program


HUNTINGTON – Kellie Weidenhammer hurt her back at work a few years ago and she will tell you life has not been easy since her accident.


“We pretty much lost everything,” she said.


As Weidenhammer struggles to get herself and her family back on their feet, she’s found a home at Founder’s Landing, a development on the city’s West Side that was recently rehabilitated, in part, through funding from the West Virginia Housing Development Fund’s Low-Income Housing Tax Credit Program.


“We’re so very grateful that a place like this is available. It’s clean. It’s kept up. We have great neighbors,” she said.


The buildings were originally built in the early 1980s, but underwent serious and substantial renovations after new owners, Founder’s Landing Limited Partnership, took over the property in 2011.


Weidenhammer had lived in the area before. She sees the difference new ownership has made.


“I was here before and it wasn’t like this,” she said. “I’m very impressed with the way everything is.”


Listing the features she likes about her new home is an easy task for Weidenhammer. Modern amenities, responsive maintenance personnel, a sense of security for herself and her three daughters all make it easy to call Founder’s Landing home.


The development, which is tucked into a cozy corner along 5th Avenue West, is a tidy, well-appointed complex that features 66 units – 38 two-bedroom townhouses, 22 three bedroom townhouses and six two-bedroom flats.  Amenities for residents include a modern work-out area, computer lab, sparkling laundry facilities, kitchen area and a common room.  The property also features a new play ground and Union Station, a cozy covered picnic area perfect for cookouts and parties.


 “Founder’s Landing is a great example of how the tax credit program positively impacts peoples’ lives,” said Erica Boggess, the Fund’s Acting Executive Director. “This development works because management is committed to making it great.”


To better the property, the new owners applied for and received low-income housing tax credits. The tax credit program generates low-income residential rental units by encouraging private investment through federal tax credits. Since its inception, this program has produced more than 13,100 affordable rental units in the state.


Sherry Bossie, the Fund’s Senior Director of Tax Credits and Compliance, said Founder’s Landing is the kind of place that can make a lasting difference in people’s lives.


“This is more than just a roof over someone’s head,” Bossie said. “Staff at Founder’s Landing go the extra mile to ensure residents know that this is their home. We’re proud to partner with them.”


To learn more about the Low-Income Housing Tax Credit Program, please visit www.wvhdf.comfor more information. 


Founders Landing is development funded, in part, by the West Virginia Housing Development Fund Low Income Housing  Tax Credit Program. In addition to our multi-family programs, the Fund is the state’s affordable mortgage leader.

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.