The Preservation Alliance of West Virginia has launched a new loan program aimed at getting historic structures rehabilitated. The program is called the Historic Preservation Loan Fund. It is a revolving loan guarantee program to help minimize risk for lending financial institutions in case a borrower defaults and to assist applicants that may not have the capital available for a bank loan. The funds must be used for acquiring, rehabilitating, or redeveloping of a historic building that is on the National Register of Historic Places, a contributing structure to a NRHP district, eligible for the NRHP, or on PAWV’s current list of Endangered Properties.
To learn more, please visit PAWV’s News and Notes article.