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The West Virginia Homeowners Rescue Program is CLOSED to all new claims and applications. Visit www.wvhomeresuce.com for more information. You may check the status of your application by logging into the application portal. 

The West Virginia Housing Development Fund Board of Directors will meet at 9 a.m. Wednesday, July 31. Click here to view the agenda.

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News

Links to external websites are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by the West Virginia Housing Development Fund of any of the products, services or opinions of the corporation or organization or individual. The Fund bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links.

Rates mentioned in news posts may not reflect current rates.

Jim Justice and Kent Leonhardt

Fund Welcomes Two New Board of Directors Members

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The West Virginia Housing Development Fund is excited to welcome Governor Jim Justice and Agriculture Commissioner Kent Leonhardt to our board of directors. The Fund is governed by an 11-member Board of Directors consisting of four ex-officio members – the Governor, State Treasure, Attorney General and Commission of Agriculture – and seven members appointed from the private sector by the Governor.

Justice, who was inaugurated on Monday, is one of the state’s most respected business leaders. After earning his undergraduate... Continue Reading

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Fund Remains Only Housing Finance Agency with “AAA” Distinction

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Standard & Poor’s Rating Service has once again affirmed West Virginia Housing Development Fund’s “AAA” issuer credit rating. The “AAA” qualification is Standard & Poor’s highest ranking and the Fund is the only state housing finance agency to receive an “AAA” rating.

The rating service lauded the extremely high credit quality of the Fund’s asset base, the Fund’s ability to successfully meet its legislative mandate, the extensive experience of the Fund’s management and its conservative philosophy.

According to... Continue Reading

Fund Announces Initiative to Help Low-Income Homebuyers

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CHARLESTON – The West Virginia Housing Development Fund is excited to announce a new initiative that will help our state’s low-income residents turn their dreams of homeownership into a reality. Through a memorandum of understanding with Fahe, a Kentucky-based organization on a mission to eliminate persistent poverty in Appalachia, and the United States Department of Agriculture, we are now the country’s only state housing finance agency to offer the United States’ Department of Agriculture’s Section 502 Direct Loan... Continue Reading

2015 Annual Report

Fund Publishes FY 2015 Annual Report

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We are pleased to present the West Virginia Housing Development Fund’s Fiscal Year 2015 Annual Report. This is an important record of what we, as an agency, accomplished in Fiscal Year 2015.  We tried to go beyond spreadsheet and numbers and truly illustrate how our programs help state residents. From transforming lives to transforming entire city blocks, the Fund has been, and always will be, a vital part of West Virginia.

A few highlights from this year’s report:

... Continue Reading

Fund Celebrates Thirty Years of the Low-Income Housing Tax Credit Program

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Program vital for West Virginia

CHARLESTON – The West Virginia Housing Development Fund is taking time in 2016 to celebrate 30 years of the Low-Income Housing Tax Credit Program (the “LIHTCP”).

Signed into law as part of the Tax Reform Act of 1986, the LIHTCP was enacted by Congress to provide the private market with an incentive to invest in affordable rental housing. The LIHTCP is currently the primary federal program for the production of affordable low-income residential rental... Continue Reading