Housing trust fund

The Department of Housing and Urban Development Assistant Secretary for Community Planning and Development awarded $3,134,373.20 to West Virginia Housing Development Fund on September 25, 2025, under the Housing Trust Fund formula grant program (CFDA 14.275).

The award funds production, preservation, and rehabilitation of rental housing for extremely low-income and very low-income households throughout West Virginia. At least eighty percent of the allocation must be directed toward rental housing activities, with remaining funds allocated to homeownership assistance and administrative costs. The recipient must submit its Housing Trust Fund allocation plan no later than August 16, 2026, as part of its annual action plan and certifications.

Performance runs through September 25, 2032, with administrative oversight and place of performance in Charleston, West Virginia. West Virginia Housing Development Fund, a state housing finance agency, serves as the primary state mechanism for administering federal housing programs and resources dedicated to expanding and preserving affordable housing throughout the state. The organization has prior experience implementing affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, tenant-based rental assistance, and work with sub-recipients and partners such as Imperial Lofts LP, Mountain Opportunities Corp, and Charmco Lofts Limited Partnership.

Funds must be committed to projects within twenty-four months and expended within five years.