Housing Fund Selects W.Va-Based Construction Firm for New Office
G&G Builders has been selected to build the new office building for the West Virginia Housing Development Fund. The Putnam County-based construction firm submitted the winning bid of $6,592,000 with 310 days for delivery.
"I am very pleased with the bids and the winning bidder," stated Joe Hatfield, the Executive Director of the Fund. "G&G Builders has a strong reputation, and is an experienced builder of offices, schools and retail space. Their bid was more than $1 million under the threshold, producing a large savings for the Fund."
Hatfield stated he hopes the new building will be fully operational by next summer.
The building will be located in the Kanawha City section of Charleston. The two-story, steel-framed structure will be constructed at the corner of MacCorkle Avenue and 57th Street. It will house an estimated 100 employees and have 110 parking spaces.
"The Fund has occupied our current building on Virginia Street since 1980 and it's very exciting to start a new chapter in its history," stated Hatfield. "From this new office, we'll be better able to serve our customers and clients with more parking spaces and more convenient payment options. In this new location, the Fund will continue to carry out its mission of providing the citizens of West Virginia with safe, decent and affordable housing."
The West Virginia Housing Development Fund is a public body corporate and governmental instrumentality of the State of West Virginia established to increase the supply of residential housing for persons and families of low- and moderate-income, and to provide construction and permanent mortgage financing to public and private sponsors of such housing. To date, the Housing Development Fund has sold over $3 billion in tax-exempt bonds to finance more than 100,000 housing units since it began operation in 1968. No tax dollars were utilized to provide this information.
The West Virginia Housing Development Fund is an Equal Housing Opportunity Lender.