wvaht header true

September 14, 2015, Charleston WV — The WV Affordable Housing Trust Fund Executive Director Marlena Mullins participated in a discussion hosted by the U.S. Department of Housing and Urban Development on September 3rd.

HUD hosted a Rural Gateway Peer-to-Peer conference, The State of Infrastructure in Rural America: A Discussion of Best Practices, to explore programs available through the US Department of Transportation and the President’s government-wide initiative called the Build America Investment Initiative.  

Participants discussed opportunities to increase infrastructure investment and economic growth by engaging with state and local governments and private sector investors to encourage collaboration, expand the market for public-private partnerships and put federal credit programs to greater use.  Starting with the transportation sector, this initiative will harness the potential of private capital to complement government funding.  

This group’s discussion echoes the Crossing Systems Initiative developed by the Trust Fund last year with funds from a Claude Worthington Benedum Foundation grant.  

The Trust Fund developed the Crossing Systems Initiative as the framework for a statewide training and technical assistance system designed to increase the organizational capacity of local agencies and organizations to better serve families in the state.  The Crossing Systems Initiative is designed to allow individuals and families access to safe, decent, and affordable housing and high-quality, essential family services. 

September 14, 2015, Charleston WV — The WV Affordable Housing Trust Fund Executive Director Marlena Mullins participated in a 2-day workshop sponsored by the U.S. Department of Housing and Urban Development last month at the state capitol called the H2 WV Action Planning Group.

The group came together to develop an innovative model to provide financial, technical support, development, and testing of a state led multi-player health care and housing provider plan to improve health system performance, increase quality of care, and decrease costs for the state’s homeless population.

At the workshop, Mullins joined other WV stakeholders including officials from the Greater Wheeling Coalition for the Homeless and Cabell-Huntington Coalition for the Homeless.  These two WV homeless coalitions received technical assistance grants from HUD to develop a plan for innovative funding and services delivery strategies for integrating health care into the housing system.  

The West Virginia Affordable Housing Trust Fund Board of Directors (Trust Fund) awarded $870,000, this month, to fund fifteen projects in the state.  

Upon completion, the projects will create 191 affordable housing units for low to moderate income state citizens.  The funding will also provide homebuyer counseling to many West Virginians as they consider purchasing and maintaining a home. 

Organizations receiving awards include:  Coalfield Development Corporation $20,000; Fairmont Morgantown Housing Authority $15,000; Greater Wheeling Coalition for the Homeless $15,000; Housing Authority of Mingo County $20,000; Huntington WV Area Habitat for Humanity, Inc. $50,000; Logan County Commission $20,000; Mon County Habitat for Humanity, Inc. $135,000; Monroe County Council on Aging, Inc. $20,000; Rea of Hope, Inc. $15,000; Southern Appalachian Labor School $15,000; Woodlands Development Group $100,000; Cabell Huntington Coalition for the Homeless $125,000; Central Appalachia Empowerment Zone of WV, Corp. $120,000; Housing Development Corp. $150,000; and Randolph County Housing Authority $50,000.

In the fourteen years since its inception, the Trust Fund has been instrumental in the creation and preservation of affordable housing, strengthening families, and stabilizing communities.  The Trust Fund is a vital part of the economy in the state. 

Since 2008, the Trust Fund has provided more than $7.7 million to 52 local government and nonprofit agencies for housing projects in WV.  For each dollar of Trust Fund money, an average of $3 is leveraged in other federal, state, or private funding.

Adopts 100% of HUD Median Family Income Limits for Housing; and Adopts New Guidelines for their Loan Programs 

The West Virginia Affordable Housing Trust Fund Board of Directors (Trust Fund) awarded $870,000, today, to fund fifteen projects in the state. Upon completion, the projects will yield 191 affordable housing units throughout WV. The awards will go to housing organizations that will provide affordable housing and homebuyer counseling for low to moderate income state citizens.

The Trust Fund Board also adopted the U.S. Department of Housing and Urban Development (HUD) Median Family Income (MFI) Guidelines at 100% and below. In the past, qualifying families and individuals earned 80% and below of the HUD MFI. Adopting the MFI at 100% will allow more state citizens to qualify for affordable housing and related services.

According to HUD, the WV statewide income median is $54,000 for a family of four. The chart below depicts MFI family size annual salary adjustments by family size.

Number of Persons In Family 

1

$37,800 

2

$43,200 

3

$48,600 

4

$54,000 

5

58,320 

6

$62,640 

7

$66,960 

8

$71,280 

In additional business today, the Trust Fund Board adopted new guidelines for its forgivable and revolving loan programs. These significant changes will streamline the process and expedite funding for housing provider organizations to provide affordable housing and related services to qualifying families and individuals.

The Trust Fund works with housing providers in the state to finance capacity building efforts, homebuyer counseling programs, new construction and rehabilitation projects, and predevelopment needs through a request for proposal program.

Since its creation in 2001 by the WV Legislature, the Trust Fund has provided more than $7 million to 52 local government and nonprofit agencies for a total of 147 projects throughout the state. The Trust fund has worked to become instrumental in the creation or preservation of affordable housing that strengthens families and stabilizes communities and has become a vital part of the economy in West Virginia. 

The West Virginia Affordable Housing Trust Fund (Trust Fund) is accepting proposals from eligible organizations to provide affordable housing for extremely low to moderate income households.  RFP No. 2015-01 was released on January 30, 2015.
Eligible organizations include local 501(c) (3) nonprofits located, units of local government, public housing authorities, and regional or statewide nonprofit housing assistance organizations.  All organizations must be located and licensed to do business in West Virginia.

The Trust Fund works with housing providers in the state to finance capacity building efforts, homebuyer counseling programs, and predevelopment needs.  Additionally, the Trust Fund supports new construction and rehabilitation projects for low to moderate income citizens of the state.

Since its creation in 2001 by the WV Legislature, the Trust Fund has provided more than $6.9 million to 52 local government and nonprofit agencies for a total of 132 projects throughout the state.  The Trust fund has worked to become instrumental in the creation or preservation of affordable housing that strengthens families and stabilizes communities and has become a vital part of the economy in West Virginia.  

March 20th, 2015 is the deadline to submit proposals to the Trust Fund for RFP No. 2015-01. 

The West Virginia Affordable Housing Trust Fund awarded one million dollars this week to fourteen WV entities to improve housing for many West Virginia citizens.

The Affordable Housing Trust Fund works with housing providers in the state to finance capacity building efforts, homebuyer counseling programs, and predevelopment needs.  The Trust Fund also supports new construction and rehabilitation projects for low- to moderate-income West Virginians.

twitter

wvaht-statstrans