Downtown Redevelopment Grants & Loans
Woodlands Development Group and Woodlands Community Lenders are excited to announce the launch of a new program intended to revitalize area downtowns by helping building owners access capital to upgrade their properties. Several towns in Randolph, Barbour and Tucker Counties have been chosen to participate in the pilot initiative. With grant funds provided by The Claude Worthington Benedum Foundation and financing capital provided by USDA Rural Development, we are offering a combination loan and grant program that qualifing building owners can access to improve their properties.
Through this program, downtown building owners may be eligible for grants of up to $4,000, when accompanied by a building improvement loan from Woodlands Community Lenders. Grant funding can be used to hire architects, engineers, contractors and other building professionals for design work and building assessment. Loans of up to $100,000 are available.
Examples of activities include façade improvments, building stabilization, window & door replacements, wiring or plumbing upgrades, sprinkler system installation, HVAC systems and many others.
Eligible towns include: Randolph County - Elkins, Beverly
Barbour County-Philippi, Belington
Tucker County- Davis, Thomas, Parsons
For more information or to obtain an application, contact Woodlands Community Lenders at 304-636-6495 ext. 29 or download an application from our website at www.wclwv.org.