News

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West Virginia Housing Development Fund to Assume Administration of the West Virginia Affordable Housing Trust

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In June 2018, The West Virginia Housing Development Fund will  assume administration of the West Virginia Affordable Housing Trust

The Legislature created the the Affordable Housing Trust in 2001 to provide funding for both technical assistance and housing assistance to non-profits and government entities and to encourage stronger partnerships, collaboration and greater involvement of local communities in meeting housing needs in West Virginia. The Affordable Housing Trust receives a $20 transfer fee from residential real estate transfers and... Continue Reading

Longtime WVHDF Board Member Resigns

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J.D. Stricklen, a longtime member of the West Virginia Housing Development Fund Board of Directors, has resigned.

Stricklen, a pillar of the state’s housing and home building community, served on the board for 12 years.

“J.D. always offered a unique, informed perspective during our board meetings,” said Erica Boggess, the Fund’s Executive Director. “He was a great champion for the Fund and was a tireless advocate for our agency and our programs.”

Stricklen served on the board during crucial times... Continue Reading

Fund Releases Annual Report

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We are pleased to present the West Virginia Housing Development Fund’s Fiscal Year 2017 Annual Report.

This is an important record of what we, as an agency, accomplished in Fiscal Year 2017. We went beyond spreadsheets and numbers to truly illustrate how our programs help state residents. The Fund has been, and always will be, a vital part of West Virginia.

A few highlights from this year’s report:

  • A letter from our dedicated staff highlighting our efforts to help... Continue Reading

Elderly Apartments Open in Jackson County

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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. dedication of Elizabeth Way Apartments. 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... Continue Reading

Fund Remains Only Housing Finance Agency with “AAA” Distinction

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Standard & Poor’s Rating Service has once again affirmed West Virginia Housing Development Fund’s “AAA” issuer credit rating. The “AAA” qualification is Standard & Poor’s highest ranking and the Fund is the only state housing finance agency to receive a “AAA” rating.

The rating service lauded the extremely high credit quality of the Fund’s asset base, the Fund’s ability to successfully meet its legislative mandate, the extensive experience of the Fund’s management team and its conservative philosophy.

According to the... Continue Reading