West Virginia Property Rescue Initiative
The Property Rescue Initiative (PRI) is a program of the West Virginia Housing Development Fund (WVHDF) that provides loan funding for communities to remove or rehab dilapidated buildings.
Authorized by the West Virginia State Legislature in 2015, PRI will make available $1 million each year for the next 5 years to address blighted and dangerous structures.
Any city or county may apply to borrow PRI funds. Cities or counties may also authorize other organizations to apply for a PRI loan on their behalf.
Loans may not exceed $250,000 per borrower per fiscal year.
In 2016, five PRI workshops were held around the state to provide information and resources for communities interested in accessing PRI funding through a collaboration of the Northern WV Brownfields Assistance Center (NBAC), the West Virginia Community Development Hub (the Hub), the WVU Land Use and Sustainable Development Law Clinic and the WVHDF.
You can find materials from the first workshop on the workshop presentation page.
How to apply for PRI Technical Assistance
The WVHDF is partnering with NBAC, the Hub, and the WVU Land Use Clinic to provide technical assistance to communities through tools and resources they need to successfully apply for the PRI loan and to execute an abandoned/dilapidated building program in their communities. Through the BAD Buildings program, the NBAC assists communities to identify, prioritize, and remove or reuse problem properties; the WVU Land Use Clinic offers assistance with legal review of municipal codes; and the Hub helps communities build local capacity.
Click here to access the Technical Assistance application and information.
How to apply for the PRI loan
The PRI Program Guide includes the application form for the loan and more information about the PRI program. Click here to download the program guide and application.
Questions about the PRI loan application?
Before submitting your PRI application, or if you have questions, contact the WVHDF Area Manager who represents the county where the property is located.
Southern WV Field Office (Beckley): David Rinehart, (304) 731-4020
Northern WV Field Office (Clarksburg): Donna Martino, (304) 622-5621
Eastern WV Field Office (Martinsburg): Nan Stevens, (304) 263-8220
Ready to apply for the PRI loan?
Visit the BAD Buildings Model page to learn more about the steps to inventory and prioritize abandoned and dilapidated properties. Click here for specific tools to help you mobilize your community, survey buildings, and to develop an inventory. For a comprehensive list of tools offered through this site, click here.