Amendments have been made to the FY2015-2019 Consolidated Plan (which is required for CDBG, HOME, ESG, and HOPWA funding) as well as the FY2016 Action Plan. The amendments include strategies and information on implementing the anticipated $3M provided by the NHTF:

  • Multifamily rental acquisitions have been added as a potential use for HOME funds
  • Up to 90% of the NHTF award (up to $2,700,000) will be used to increase the supply of affordable rental units for extremely low income and very low income populations through the new construction or rehabilitation of rental units.
  • 10% will go to administering the program
  • Up to 33 1/3% will be used to provide operating cost funds to projects that have newly constructed or rehabilitated rental units to serve extremely low income and very low income populations.

The state has made it a goal that the NHTF support (either through construction, acquisition, rehab, or operating cost) 60 units of affordable housing during the first year.

Amendments to the HOME Investment Partnerships Program include the following:

  • Serve the entire State
  • Eliminate the Single Family Owner Occupied Rehab Program
  • Serve Very Low Income, Low Income, Moderate Income, Family, Elderly, Homeless or at risk of homeless, Displaced, Handicapped, Disabled, Veteran, and other populations for which an adequate market exists

Public Hearings have been scheduled to discuss the amendments and a 30-day comment period will begin on June 28th:

June 28, 2016 (3:00-4:30 p.m.)
WV Housing Development Fund
First Floor Training Room
5710 MacCorkle Avenue, SE
Charleston, WV

June 30, 2016 (3:00-4:30 p.m.)
Fairmont-Morgantown
Housing Authority Main Office
103 12th Street, Multi-Purpose Room
Fairmont, WV