West Virginia Mortgage Law Practice Test 2026 - Free Mortgage Law Practice Questions and Study Guide

Session length

1 / 400

What role does the West Virginia Housing Development Fund play?

It regulates housing prices in West Virginia

It provides financing and assistance for low- to moderate-income families to access housing

The West Virginia Housing Development Fund is primarily designed to support low- to moderate-income families in obtaining housing. By providing financing options, such as grants, loans, and other forms of assistance, the fund aims to make homeownership more accessible to those who may struggle with affordability. It specifically tailors its programs to benefit individuals and families who qualify as low- to moderate-income, ensuring they have the necessary resources to secure safe and decent housing.

In contrast to other options, the fund does not engage in regulating housing prices, overseeing real estate transactions, or directly managing public housing projects. Its focus on financial assistance distinguishes it as a significant entity in promoting affordable housing opportunities within West Virginia.

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It oversees real estate transactions in the state

It manages public housing projects directly

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