West Virginia Code of State Rules Agency 88 - Housing Development Fund
Here’s a detailed overview of West Virginia Code of State Rules – Agency 88: Housing Development Fund (Title 88):
🏠 Agency Scope & Structure
Agency 88 governs the West Virginia Housing Development Fund, a state instrumentality established under W. Va. Code § 31–18. It is overseen by an 11-member board: 4 public officials (Governor, Attorney General, Commissioner of Agriculture, and Treasurer or their designees) plus 7 private citizens appointed by the Governor with Senate confirmation (code.wvlegislature.gov).
📘 Title 88 – Procedural Rules
Title 88 is comprised of four series detailing the Fund's rulemaking and operational guidelines :
Series 88‑01 – Refiling of Administrative Rules
Refiles existing administrative rules related to single-family mortgage loan administration. Originally effective August 15, 1982 (apps.sos.wv.gov).
Series 88‑02 – Notice of Meetings
Sets procedures for public notice of regular, special, and emergency meetings of the Housing Development Fund’s board (casetext.com).
Effective: September 18, 1999; currently active.
Series 88‑03 – Purchasing Procedure
Establishes procurement procedures for the Fund’s operations (apps.sos.wv.gov).
Effective: July 24, 2020; currently active.
Series 88‑04 – Veterans’ Home Loan Mortgage Program of 2024
Details a mortgage program available to veterans, outlining eligibility, permitted properties, lender and servicing rules, and loan terms and conditions (apps.sos.wv.gov, law.cornell.edu).
Effective: September 27, 2024; currently active.
📋 Fund Governance & Legal Basis
The Housing Development Fund operates as a public corporate body with its board empowered to issue bonds, provide loans, and manage housing finance operations (law.cornell.edu, code.wvlegislature.gov).
Its enabling statute, W. Va. Code § 31–18, defines the board's composition, powers, and duties.
✅ Summary Table
| Series | Purpose | Effective Date | Active Today? |
|---|---|---|---|
| 88‑01 | Mortgage loan administration rules | Aug 15, 1982 | Refined admin rules |
| 88‑02 | Board meeting notice procedures | Sep 18, 1999 | ✅ Active |
| 88‑03 | Procurement/purchasing policy | Jul 24, 2020 | ✅ Active |
| 88‑04 | 2024 Veterans’ Home Loan Program regulations | Sep 27, 2024 | ✅ Active |
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