Villaverde was formerly a barrio of Solano, Nueva Vizcaya called Ibung, founded by a Dominican Friar named Alejandro Vidal in 1767.

More than a century later, an order from the Spanish Government was issued to Father Juan Villaverde giving instruction to organize into a town.

Ibung was originally settled by christianized Ifugaos resettled from the area of Kiangan who later abandoned the town after a malaria epidemic in 1890, whereupon they were replaced by Ilocano migrants.

On January 3, 1986, the town's 16-year mayor, Romualdo Bediones, was abducted by New People's Army (NPA) rebels led by a "Ka Annie" and held until he was tried by a kangaroo court and executed in public on January 11 after being declared guilty of "landgrabbing" and protecting criminality; his abducted driver was released by the rebels to inform authorities about the execution.

[7][8] About 280 kilometres (170 mi) from Manila and 14 kilometres (8.7 mi) from the capital town of Bayombong; lies on the northern district of the province and is bounded by Lamut, Ifugao on the North; Solano on the South; Bagabag on the East, and Ambaguio on the West.

[3] The population density was 250 inhabitants per square kilometre (650/sq mi).Poverty incidence of Villaverde Source: Philippine Statistics Authority[14][15][16][17][18][19][20][21] Villaverde, belonging to the lone congressional district of the province of Nueva Vizcaya, is governed by a mayor designated as its local chief executive and by a municipal council as its legislative body in accordance with the Local Government Code.