Homeownership Interest Rate for December 11, 2017:
4.00% (APR: 4.480%)

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December 6, 2017
RIPLEY – The West Virginia Housing Development Fund recently celebrated the dedication of Elizabeth Way Apartments.     Erica...
November 27, 2017
Fund Remains Only Housing Finance Agency with “AAA” Distinction   Standard & Poor’s Rating Service has once again affirmed West...
August 16, 2017
The West Virginia Housing Development Fund is proud to announce the promotion of two long-time employees.   Crystal Toney will be...
August 9, 2017
CROSS LANES – As of Monday, there is one less blighted, dangerous building in Kanawha County.   It took about 20 minutes for a large...
June 1, 2017
Most know the West Virginia Housing Development Fund through our home-buying programs. One in 10 West Virginia homebuyers have entrusted us...
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...

Elderly Apartments Open in Jackson County

RIPLEY – The West Virginia Housing Development Fund recently celebrated the dedication of Elizabeth Way Apartments.  

 

Erica Boggess, the Fund’s Executive Director, was a featured speaker at the event. Elizabeth Way Apartments is a brand new, 32-unit development for seniors. The building features 16-one bedroom units and 16-two bedroom units. Each apartment features a full kitchen, washer/dryer hookups and state-of-the art climate controls. Residents will also be able to utilize the building’s outdoor gazebo, community room and prayer room.

 

Elizabeth Way was funded, in part, through the Fund’s Low-Income Housing Tax Credit Program. This program generates low-income residential rental units by encouraging private investment through federal tax credits. Since its inception, LIHTCP has produced more than 14,700 affordable rental units in West Virginia.

 

Also speaking at the event were Kris Warner, the U.S. Department of Agriculture’s state rural development director, Ripley Mayor Carolyn Radar and Doug Pauley with Harbinger Development Company, the project’s primary developer.

 

In her remarks, Boggess notes the importance of this type of housing.

 

“We know we have a serious shortage of adequate elderly housing in our state. Developments like Elizabeth Way serve a critical need for our seniors,” Boggess said. “A number of stakeholders came together to bring this dream to life and we are happy the Fund could partner with so many to help the citizens of Jackson County and the people of West Virginia. “

 

Also attending the event on the Fund’s behalf were Michelle Wilshere, Senior Manager - Low Income Housing Tax Credit Program; Nate Testman, Division Manager - Multifamily Lending; and Stacey Young - Tax Credit Processor, Low Income Housing Tax Credit Program.

 

 

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.