Homeownership Interest Rate for March 25, 2017:
4.25% (APR: 4.742%)

Header Menu

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...
December 21, 2016
  West Virginia’s natural beauty is truly unmatched.   Our citizens are among the brightest, hardest working and...
December 6, 2016
The West Virginia Housing Development Fund is proud to announce a new video designed to help our partners across the lending and banking...
October 6, 2016
          Standard & Poor’s Rating Service has once again affirmed West Virginia Housing...
August 25, 2016
  To assist those affected by flooding in towns and communities across our state, the West Virginia Housing Development Fund...
August 10, 2016
Borrowers can pay mortgage, check balance from smart phone or tablet    Now there’s an easy, secure way to access your...
June 23, 2016
CHARLESTON – The West Virginia Housing Development Fund is excited to announce a new initiative that will help our state’s low-income...
May 18, 2016
    We are pleased to present the West Virginia Housing Development Fund’s Fiscal Year 2015 Annual Report. This is an...
March 22, 2016
Program vital for West Virginia   CHARLESTON – The West Virginia Housing Development Fund is taking time in 2016 to celebrate 30...

WVHDF Funds McDowell County Housing Development

Residents celebrate home ownership

For more information, contact Erica Boggess at (304) 391-8637

James Jones is looking forward to the upcoming holiday season. For the first time in his entire life, the War resident will welcome his children and grandchildren into his house to celebrate Thanksgiving and Christmas. After years of living with others or staying in rental units, Jones finally has a home of his own.

“I’m just so excited,” said the retired grocery store manager of his brand new, three bedroom and two-bath home on Curtis Lane. “This just means so much to me.”

For years, Jones worked, cared for his ailing father and raised his two sons by himself. Purchasing a home was secondary to family obligations. After he retired, Jones knew it was time to buy his own place. He began working with Safe Housing & Economic Development (S.H.E.D), a community housing development organization based in McDowell County and one of the West Virginia Housing Development Fund’s many non-profit partners.

As the process began and Jones worked with S.H.E.D to purchase the home, he could see how his dream was falling into place.

“When I first saw this place I just thought it was awesome,” he said.  “I just love this house. I just love the way it’s laid out.

SHED developed three homes along Curtis Lane. Jones will be neighbors with Beatrice Christian and Paul and Linda Addair. The houses each have three bedrooms and two bathrooms, a living room and dining area, full kitchen, and utility room with a washer and dryer hook-up and a cozy outdoor living area.

“It looks great in here. It looks like a little town. It’s so nice and neat,” Jones said. “They did a great job.”

The development was primarily financed with a $410,000.00 forgivable loan through the Fund’s HOME Program.  Each unit was built by NPW Custom Built Homes, a Beckley-based contractor. Additional funding was provided by the Federal Home Loan Bank of Pittsburgh, the USDA’s Rural Development Housing Assistance Counsel, Community Works in West Virginia, the Federation of Appalachian Housing Enterprises and the West Virginia Affordable Housing Trust Fund.

“We’re so happy for James, Beatrice and Paul and Linda. They’ve worked so hard,” said Erica Boggess, the Fund’s Acting Executive Director. “A fundamental aspect of our mission is making certain that West Virginia residents have access to safe, affordable housing. Everyone who worked on this project is to be commended.”

Kathy Gentry, S.H.E.D Executive Director, thanked the Fund for its vital role in building these homes.

“The Fund was there for us every step of the way,” Gentry said. “I knew if I had a question or concern, I could contact them. Their guidance and direction helped us make this project a reality. Chuck Thomas (one of the Fund’s HOME Housing Representatives) helped me with everything, from start to finish of the project. ”

The families slated to live in the homes expect to close on their loans and move in within the coming month.

WVHDF, West Virginia, SHED, Erica Boggess,

(Clockwise from the top. James Jones stands on the back deck of his new home. Jones’ new home, one of three the WVHDF helped Fund at War Cove in War, W.Va. Jones shares a laugh with Rev. Spencer Oxford and his wife Dorothy. Oxford, the President of the Big Creek Ministerial Association, offered the invocation during a ribbon cutting and open house for the development.)

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.