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

Fund Released 2018 Annual Report

We are pleased to present the West Virginia Housing Development Fund’s Fiscal Year 2018 Annual Report.

This year marks our 50th birthday. In that time, the Fund has worked tirelessly to help make certain that every West Virginian has access to safe, decent and affordable housing options. We are proud of our story and the role we have played in moving our state forward.

This is an important record of what we, as an agency, accomplished in Fiscal Year 2018.... Continue Reading

FHLBank Pittsburgh and WVHDF Announce Home4Good Funding Awards.

FHLBank Pittsburgh and the West Virginia Housing Development Fund are proud to announce the 2018 Home4Good funding awards. This money will be utilized by groups across the Mountain State working to reduce homelessness. This year, FHLBank Pittsburgh provided $1.1 million toward the effort and the Fund provided $250,000, for a total contribution of $1.35 million.

“FHLBank Pittsburgh is privileged to partner with the West Virginia Housing Development Fund and our member institutions to provide these much-needed funds to programs working... Continue Reading