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FINANCIAL_SERVICESAPPROVED

west_virginia_housing_development_fund_board_meeti.pdf

Fund Authorizes $500K HTF Loan for Gilbert Heights

Housing Trust Fund Loan up to $500,000 at up to 1% for 30 yearsWest Virginia Housing Development FundBUCKEYE COMMUNITY HOPE FOUNDATIONAugust 27, 2025

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The West Virginia Housing Development Fund approved a Housing Trust Fund loan of up to $500,000 at a fixed rate of up to 1% for 30 years to support the Gilbert Heights Apartments rehabilitation developed by Buckeye Community Hope Foundation. The HTF loan is subordinate to the construction loan during construction and becomes a shared first-lien with USDA RD-515 after construction.

Contract Details

Contract Amount

Housing Trust Fund Loan up to $500,000 at up to 1% for 30 years

Vendor

BUCKEYE COMMUNITY HOPE FOUNDATION

Agency

West Virginia Housing Development Fund, WV

Contract Type

FINANCIAL_SERVICES

Document Date

August 27, 2025

Contract Term

30 years

Renewal Info

Initial 30‑year Housing Trust Fund loan term; no renewal options stated.

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