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Fund announces key staffing changes

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Ahead of two retirements, the West Virginia Housing Development Fund announces changes in two key leadership positions. 

Nathan Testman has been promoted to Deputy Director of Production. Testman has been with the Fund for seven years, most recently serving as the Senior Division Manager of Multifamily Lending. In his new role, Testman will oversee all production programs within the Multifamily and Single-Family divisions, as well as Section 8 and Asset Management. Scott Smith, who joined the Fund in July, will take over as Senior Division Manager of Multifamily Lending.  

Nate Testman has been promoted to Deputy Director of Production

Kristin Shaffer has been promoted to Deputy Director of Administration and General Counsel. Shaffer has been with the Fund for 12 years, most recently serving as Senior Legal Counsel. She will continue to oversee the Legal Department in addition to Human Resources, Information Technology, Technical Services, and Loan Servicing.

Maggie Leaptrot came aboard last July as the Fund’s Chief Financial Officer. Beginning September 1, she assumed full responsibility for all functions of accounting and finance, including all bond issuances.  

These changes in leadership come as Julie Davis, Deputy Director of Production, and Crystal Toney, Deputy Director of Administration, prepare to retire in November. They will remain in advisory roles during the transitional period.

Kristin Shaffer has been promoted to Deputy Director of Administration and General Counsel.

Davis has been with the Fund for nearly 31 years. She joined the agency in 1992 as an Accounting Analyst before becoming the Managing Director of Finance in 2005. She was promoted to Deputy Director of Production in July 2017.  

Toney joined the Fund in 1990 as the Accounting Officer. In 1998, she was named Manager of Accounting and Investments and in 2005 became the Managing Director of Accounting and Information Services. She assumed the role of Deputy Director of Administration in July 2017.  

“For over 30 years, both Julie and Crystal have been strong leaders helping the Fund achieve its goals and its financial strength,” said Erica Boggess, the Fund’s Executive Director. “In preparation for their retirements, Julie, Crystal, and I have spent many hours planning and training for this transition. I have the utmost confidence that we are putting the agency in good hands for the future.”