Mountain Homes Act

HB 3214, the Mountain Homes Act, creates a state-funded program to support housing construction for workers in West Virginia. It establishes the Mountain Homes Fund, which provides loan guarantees to eligible business entities (like developers or private partners) to finance housing projects. To access funds, applicants must submit detailed applications meeting specific criteria, and projects must align with the fund's purpose of addressing housing needs for the workforce as the state's economy diversifies. The Department of Economic Development administers the program, requires annual reporting to the Governor and legislature, and prohibits use of funds for certain purposes like luxury housing.