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...

Kanawha County Using Fund Program to Take Down Dangerous Buildings.

CROSS LANES – As of Monday, there is one less blighted, dangerous building in Kanawha County.

 

It took about 20 minutes for a large excavator to demolish an abandoned, crumbling house at 110 Harper Road. Overgrown with weeds and suffering from serious structural damage, the building was in terrible condition.  

 

This was the first of an estimated 100 dilapidated structures that county officials plan to raze utilizing funds from the West Virginia Property Rescue Initiative - a program developed by the West Virginia Housing Development Fund that helps counties and municipalities that want to rid their communities of blighted, dangerous properties.

 

Last week the Kanawha County Commission closed on a $500,000 WVPRI loan from the Fund that it will match with $500,000 in building permit fees to fund demolitions.

 

“When residents see these buildings coming down, the entire neighborhood cheers,” said Commission President Kent Carper. “This is truly a matter of public safety.”

 

Carper added that he expects this will be the largest demolition project in the history of the county. He said the buildings they are targeting are bringing down property values for surrounding homes, are obvious fire hazards, and in some cases, have become a haven for drug abuse and drug trafficking. 

 

Erica Boggess, the Fund’s Executive Director, said she is excited about the county’s use of WVPRI and hopes this partnership serves as a jumping off point for other entities to utilize the program.

 

“We hope other municipal and county agencies take advantage of this initiative,” Boggess said. “This is a powerful tool and one that makes communities safer and more attractive.”

 

To be eligible for WVPRI, cities and counties must have the authority to acquire and/or demolish the property and the structures to be razed must constitute a health and safety hazard. 

 

For more information about WVPRI, please give us a call at 1-800-933-9843.

 

 

 

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.