|Purpose: PUBLIC HEARING INPUT FOR WEST VIRGINIA HOMEOWNER RESCUE PROGRAM (WVHR)|
The West Virginia Homeowner Rescue Program (WVHR) will provide funding to eligible West Virginia homeowners to assist with mortgage delinquencies, defaults, foreclosures, displacement, utility expenses, and certain other expenses related to housing incurred due, directly, or indirectly, to the Covid-19 outbreak. The program is administered by the West Virginia Housing Development Fund (WVHDF) on behalf of the State of West Virginia through $50 million allocated to the State of West Virginia by the U.S. Department of the Treasury Homeowner Assistance Fund (HAF) under Section 3206 of the American Rescue Plan Act of 2021.
The WVHDF is actively seeking input from involved organizations and stakeholders to help us structure the WVHR plan for the citizens of WV. The WVHDF expects to have approximately $42.5 million available for direct assistance.
The WVHDF is required to develop and submit a HAF plan that describes in detail the following:
-Needs of homeowners with the relevant jurisdiction
-Design of each program that WVHDF proposes to implement
-Performance GoalsReadiness to implement the program
-Intended impact on homeowners
-Application and payment process
-Maximum dollar amount
-Contracts and Partnerships
The Fund will conduct a public hearing to provide information to and to receive comments from the public on the proposed WVHR. There will be a question and answer period and persons will have an opportunity
to make brief statements or comments. THIS IS NOT A SOLICITATION FOR MORTGAGE RELIEF