2015 West Virginia Code
CHAPTER 31. CORPORATION
ARTICLE 18D. WEST VIRGINIA AFFORDABLE HOUSING TRUST FUND.
§31-18D-3. Definitions.
(a) "Board" is the board of directors of the West Virginia affordable housing trust fund established pursuant to this article.
(b) "Housing" includes owner-occupied dwellings, rental units and other types of shelter for individuals and families.
(c) "Low or moderate income" means the income of individuals or families that is determined from time to time by the board as a percentage of the area median income for the state. The board may use the income data provided by the United States department of housing and urban development or other reliable income data as determined by a resolution of the board.
(d) "Technical assistance" means activities that are directly related to a nonprofit organization's ability to provide housing for low income persons and includes, but is not limited to, land use and planning costs, design and engineering services, loan packaging assistance, program development assistance and construction consultation.
(e) "Trust fund" means the West Virginia affordable housing trust fund established by this article.
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