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The HOME Rental Program has been designed to provide HOME funds to private and nonprofit owners and developers of low-income rental housing units.  The HOME Rental Program provides low-interest rate loans to eligible housing developers for the acquisition, rehabilitation, and/or new construction of multifamily housing. The HOME Rental Program loan may be the primary source of financing or may bridge the gap between the developer’s primary financing and the total development costs.  The rates and terms of the loans are established during the underwriting and review of the final proposal.  The minimum term of the HOME Rental loan is 15 years for rehabilitation and 20 years for new construction.

In 2019, the Fund committed $5,279,244 to finance the acquisition, new construction and rehabilitation of seven affordable housing multifamily residential rental projects. These seven projects contain 215 total units,  and 42 of these units are HOME units, under the HOME Rental Program.

For more information on the HOME Program, please contact Cathy Colby

Home and HTF Request for Proposals

2020 HOME & HTF Guidelines (361.5 KB)
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2020 HOME & HTF Pre Application (2.0 MB)
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2020 HOME & HTF RFP (416.3 KB)
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The Fund’s 2019 HOME Commitment Information 

HOME Program News

Notice of Public Hearings FY 2020-2024 Consolidated Plan/FY 2020 Annual Action Plan 

HOME and HTF Request for Proposals

2020 HOME & HTF Guidelines (361.5 KB)
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2020 HOME & HTF Pre Application (2.0 MB)
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2020 HOME & HTF RFP (416.3 KB)
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HOME Asset Management Documents

Affirmative Fair Housing Marketing Plan Guide (2013) (489.4 KB)
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AFHMP HUD Form 935.2a Multi Family (840.2 KB)
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AFHMP HUD Form 935.2b Single Family (175.8 KB)
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Form 300: Tenant Income Certification (238.6 KB)
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Form 601: Request For Rent Adjustment (275.4 KB)
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HOME Management Handbook (407.0 KB)
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HOME Rental Forms

Builder’s Warranty HOME Rental (357.3 KB)
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FFATA Form (18.9 KB)
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FFATA Instructions (Updated 9/18) (107.6 KB)
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General Specifications For Rehab (July 2016) (8.7 MB)
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HOME Rental Set Up And Completion Form (280.6 KB)
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Inspection Request Form (309.0 KB)
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Minority Business Enterprise Report (MBE) Women Business Enterprise Report (WBE) 8 2019 (89.7 KB)
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Technical Services Request Review Form (80.6 KB)
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Waiver Of Liens HOME Rental (357.4 KB)
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WV County Codes (12.0 KB)
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Davis-Bacon Forms

Section 3 Forms

3.28a Certificate Of Section 3 (780.3 KB)
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3.28b Section 3 Plan Of Action (765.1 KB)
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3.28c Proposed Contract Breakdown (888.9 KB)
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3.28d Estimated Project Workforce Breakdown (1.5 MB)
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3.28e Existing Employee List (780.0 KB)
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60002 Summary Report (996.1 KB)
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Section 3 Instructions For Procedural Guide (169.9 KB)
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Section 3 Procedures (1.7 MB)
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Environmental Forms and Information

Environmental Compliance Guidebook Forms 2 28 19 (4.2 MB)
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HOME & HTF Limits

2019 HOME And HTF Maximum Per Unit Subsidy Limits Effective 2019 05 08 (15.0 KB)
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2019 WV HOME Program Income Limits (Effective 2019 06 28) (128.5 KB)
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2019 WV HOME Rent Limits (Effective 2019 06 28) (171.6 KB)
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2019 WV HTF Income Limits (Effective 2019 06 28) (88.3 KB)
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2019 WV HTF Rent Limits (Effective 2019 06 28) (94.8 KB)
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2020 HOME Homeownership Value Limits Effective 4.1.20 (134.6 KB)
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Relocation Guidelines

Relocation Assistance Policy

Relocation Draft Handbook

Real Estate Acquisition and Relocation

HUD Exchange-Laws and Regulations

Section 3 Business Registry

HOME & HTF Plans

2015 2019 State Of West Virginia Consolidated Five Year Plan AMENDED Version 1.1 (3.0 MB)
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2018 West Virginia Consolidated Annual Performance And Evaluation Report (CAPER) (2.2 MB)
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2019 State Of West Virginia Citizen Participation Plan (282.8 KB)
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2019 West Virginia Annual Action Plan (1,019.9 KB)
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HOME Program Commitments

2014 HOME COMMITMENTS (71.1 KB)
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2015 HOME COMMITMENTS (66.5 KB)
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2016 HOME COMMITMENTS (57.6 KB)
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2017 HOME COMMITMENTS (63.5 KB)
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2018 HOME COMMITMENTS (56.3 KB)
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Additional Information

HOME Program Regulations 

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.

Multifamily Lending Policy Aug. 2018

HOME Match Information from 24 CFR 92

Underwriting And Subsidy Layering Guidelines Revised March 2020