west_virginia_housing_development_fund_board_meeti.pdf
Fund Approves $3.6M Construction Loan for Gilbert Heights
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Description
The West Virginia Housing Development Fund approved a Multifamily Construction Loan of up to $3.6 million for the Gilbert Heights Apartments project developed by Buckeye Community Hope Foundation, financing acquisition and rehabilitation of a 35‑unit LIHTC property. The loan carries a fixed rate up to 4.0% for a term of up to 24 months and is secured by a first lien deed of trust and performance bonds.
Contract Details
Contract Amount
Multifamily Construction Loan up to $3,600,000 at up to 4.0% for up to 24 months
Vendor
BUCKEYE COMMUNITY HOPE FOUNDATION
Agency
West Virginia Housing Development Fund, WV
Contract Type
FINANCIAL_SERVICES
Document Date
August 27, 2025
Contract Term
Up to 24 months
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APPROVEDIssuing Agency
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