The Legislature created the Affordable Housing Fund in 2001 to provide funding for technical assistance and housing assistance to non-profits and government entities and to encourage stronger partnerships, collaboration and greater involvement of local communities in meeting housing needs in West Virginia. The Affordable Housing Fund receives a $20 transfer fee from residential real estate transfers and the sale of manufactured homes. This fee is solely for the benefit of governments, 501(c)3 non-profits and public housing authorities. The Fund began administering this program in June 2018.
The AHFP is designed to provide financial assistance to eligible organizations that focus on providing and preserving affordable housing in West Virginia.