Historic Preservation Loan Fund

The Historic Preservation Loan Fund (the fund) is a new statewide initiative where PAWV will partner with local and regional lending agencies to guarantee up to 20 percent of loans for historic preservation projects. As a revolving loan guaranty program, the alliance will promise, or guarantee, its loan funds in case a borrower defaults. This will in turn minimize risk for lending financial institutions and assist candidates that may not have the capital for a regular bank loan. PAWV will target West Virginia Endangered Properties and commercial structures that are listed in the National Register of Historic Places through this program.

The alliance is partnering with Woodlands Community Lenders, Natural Capital Investment Fund, and the New River Gorge Regional Development Authority to pilot the fund and leverage more resources for larger revitalization projects in Barbour, Fayette, Nicholas, Raleigh, Randolph, Summers and Tucker counties.

Loan Fund Brochure & FAQ (PDF)

Loan Fund Application (PDF)

Loan Fund Application (MSDoc)

ELIGIBLE APPLICANTS:

• Nonprofit organizations
• Individuals
• Businesses

ELIGIBLE PROPERTIES:
Funds must be used for the acquisition, restoration, or redevelopment of a building that is:

• Listed on the National Register of Historic Places (NRHP);
• A contributing structure in a NRHP district;
• Eligible to be listed on the NRHP as determined by the State Historic Preservation Office; or
• On the current or past list of West Virginia Endangered Properties.

All applicants must submit a $100 non-refundable application fee.

ELIGIBLE EXPENSES:

• Pre-development expenses such as architectural, engineering, appraisal,  and tax credit consulting 
• Building acquisition when all other funds have been secured
• Priority is given to construction costs for exterior stabilization or rehabilitation including:
  • Front and secondary facades
  • Foundations
  • Gutters and/or roof
  • Windows
  • Storefronts
  • Signage and awnings only as part of an overall façade renovation
• For Endangered Properties only, priority is given to interior or exterior construction costs that are needed to stabilize the building.

To learn more about whether your project may qualify or if you are interested in the program, contact Danielle LaPresta at dlapresta@pawv.org or by calling 304-345-6005.

Thank you to the 1772 Foundation for making this program possible through three years of grant funding.