WVHDF Thanks Capito, Manchin for Directing Housing Funding to State

The West Virginia Housing Development Fund would like to thank U.S. Senators Shelley Moore Capito (R – W.Va.) and Joe Manchin (D – W.Va.), both members of the Senate Appropriations Committee, for directing $3 million from the U.S. Department of Housing and Urban Development’s National Housing Trust Fund to the Mountain State.

The money will be used to increase the state’s supply of affordable rental housing for extremely low-income households.

“Our elected leaders are working hard to make certain... Continue Reading

Fund Earns National Accounting Award

Post courtesy of the Government Finance Officers Association  

(Chicago, Illinois) –The Certificate of Achievement for Excellence in Financial Reporting has been awarded to West Virginia Housing Development Fund by Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

An... Continue Reading

Fund Program Used to Create New Elderly Housing Development

PARKERSBERG – Linda Sartor will tell you that three really is the magic number.

She recently moved back to her hometown to be closer to her brother and sister. The first apartment she lived in was, in her words, terrible.

The second place was better, but it was a building filled with smokers and her lungs were constantly irritated. She was searching for a new home when she heard about Parkersburg Elderly Housing.

“You know they say three times is... Continue Reading

West Virginia Housing Development Fund announces Moody’s Aaa credit rating

Moody’s Investor Service has once again affirmed West Virginia Housing Development Fund’s “Aaa” issuer credit rating. This qualification is Moody’s highest ranking and the Fund is the only state housing finance agency to receive this distinction.

In a report published on February 14, the rating service praised the Fund’s “strong equity position” and “balance sheet strength.”

“The Fund has the strategic initiative and financial flexibility to proactively adapt to economic conditions since the Great Recession,” the report stated. “It is well-positioned... Continue Reading

Fund Recognizes Energy Efficient Home Builder

The West Virginia Housing Development Fund would like to recognize Horizon Construction Inc. of Bruceton Mills as the 2018 Home Builders Association of  West Virginia Best of West Virginia Award for Best Energy Efficiency.

The home was custom built for the Wotring Family in Bruceton Mills.

The construction crew utilized a number of energy efficient features, including special exterior wall material to prevent temperature loss inside the home, spray foam insulation, energy efficient windows, Energy Star-rated appliances, a tankless... Continue Reading