CHARLESTON, W.Va. (WVDN) — The West Virginia Housing Development Fund, in partnership with the Federal Home Loan Bank of Pittsburgh (FHLBank), announced today more than $1 million in funding to address homelessness across West Virginia.
These funds, totaling $1,050,000, will be distributed to continuums of care throughout the state through FHLBank’s Home4Good program. Recipients will use the money to fund emergency housing, rapid re-housing, and housing stability programs; transitional housing for youth; wraparound care services; administrative costs; and more.
“We see a tremendous need for these services in West Virginia, particularly after the pandemic caused and exacerbated housing instability for so many,” said Erica Boggess, Executive Director of the West Virginia Housing Development Fund. “The Fund is grateful to the Federal Home Loan Bank of Pittsburgh, which generously provides funding to help West Virginians who are unhoused or at risk of homelessness. This money is vital to helping these recipient organizations continue their important work and in helping West Virginians have a safe, decent, and affordable place to call home.”
The West Virginia Housing Development Fund and FHLBank first entered into an agreement in 2018, offering grants to organizations and programs that help people find or retain housing or provide supportive services. The partnership was reauthorized in May 2023. To date, FHLBank has committed about $5.5 million to address homelessness in West Virginia with WVHDF contributing matching funds.
“Through partnership with WVHDF, FHLBank members provided more than $800,000 this year to 21 West Virginia projects,” said Winthrop Watson, FHLBank President and Chief Executive Officer. “These combined funds are directed toward local service organizations helping those experiencing homelessness.”
A full list of 2023 award recipients and more information about the Home4Good program is available at www.wvhdf.com and www.fhlb-pgh.com. Organizations interested in learning more about applying for funding in 2024 should contact Donna Martino, Multifamily Development Officer (dmartino@wvhdf.com), or Alexa Mascara, Community Products Manager (home4good@fhlb-pgh.com).
About WVHDF
The West Virginia Housing Development Fund was established to increase the supply of residential housing for individuals and families of low to moderate income and to provide construction and permanent mortgage financing to public and private housing investors. The West Virginia Housing Development Fund is an Equal Housing Opportunity Lender, NMLS # 198038. For more information, visit www.wvhdf.com.
About FHLBank Pittsburgh
FHLBank Pittsburgh provides reliable funding and liquidity to its member financial institutions, which include commercial and savings banks, community development financial institutions, credit unions and insurance companies in Delaware, Pennsylvania and West Virginia. FHLBank products and resources help support community lending, housing and economic development. As one of 11 Federal Home Loan Banks established by Congress, FHLBank has been an integral and reliable part of the financial system since 1932. Learn more by visiting www.fhlb-pgh.com.
