The Legislature created the Affordable Housing Fund 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 Fund receives a $20 transfer fee from residential real estate transfers and the sale of manufactured homes. This fee is solely for the benefit of governments, 501c3 non-profits and public housing authorities. The Fund began administering this program in June 2018.
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The AHFP is designed to provide financial assistance to eligible organizations which focus on providing and preserving affordable housing in West Virginia.