The West Virginia Housing Development Fund is responsible for the administration of the National Housing Trust Fund. The Housing Trust Fund (HTF) program was established under section 1338 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended (12 U.S.C. 4501 et seq.) (the Act). In general, under the HTF program, HUD allocates funds by formula to eligible states to increase and preserve the supply of decent, safe, sanitary, and affordable housing, with primary attention to rental housing for extremely low-income and very low-income households, including homeless families.
Section 1337 of the Act requires a percentage of the unpaid principal balance of total new business for the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) (collectively, the government-sponsored enterprises or GSEs) to be setaside and allocated as a dedicated source of annual funding for the HTF, unless allocations are suspended by the Director of the Federal Housing Finance Agency, the agency that regulates the GSEs. These funds will be deposited into an HTF account established in the Treasury of the United States by the Secretary of the Treasury to carry out the HTF program. The Act also provides that the HTF may be funded with amounts appropriated, transferred, or credited to the HTF under other provisions of law.
In 2019, the Fund committed $3,617,957 to assist in the financing, acquisition, new construction and rehabilitation of six affordable housing multifamily residential rental projects. These six projects contain 208 total units, 35 of these units are HTF units.
For more information on the the National Housing Trust Fund, please contact Cathy Colby
2020-2024 Consolidated Plan and 2020 Annual Action Plan Amendment Review Documents
HOME & HTF Plans
HOME & HTF Asset Management Documents
Environmental Provisions & Forms
Section 3 Forms
HTF Program Commitments
HTF Program Regulations
- 24 CFR 100.201- Fair Housing Act Definitions
- 24 CFR 100.205 – Fair Housing Act Design & Construction Requirements
- 24 CFR 35 Lead Based Paint Poisoning Prevention in Certain Residential Structures
- HUD Exchange
Part of the West Virginia Housing Development Fund’s mission is to provide financing for affordable housing, including residential rental housing. To offer guidance and direction, we have put together a detailed manual to help developers understand our policies and procedures relating to portfolio diversification, related parties and eligible participants.