Housing Revolving 

Loan Fund Program

Central Appalachia

Empowerment Zone of West Virginia

• Housing Revolving Loan Fund Program

• PO Box 176

• Clay, WV   25043 

• Phone (304) 587-2034

• Fax (304) 587-2027                                

Purpose

The purpose of the Central Appalachia empowerment Zone (CAEZ) Housing Revolving Loan Fund Program is to improve housing conditions for residents of the Zone.

Eligibility

Loans will be made based on the following criteria:

• Loans can only be awarded to zone residents who reside with in the CAEZ Census Tracts.

• Applicant's income cannot exceed 100% of the median income for the county in which they reside.

• Applicants must own their home and reside in the property that is the subject of the loan application.  The CAEZ will not make loans for the rehabilitation of rental property.

• The CAEZ will not award more that two loans the same family or resident.  Applicants must wait a minimum of 12 months from the time a loan is awarded before requesting a second loan.

Terms/Conditions                                                          

• The interest rate on all loans will be 3%.

• The term of the note will be dependent on the borrower's ability to repay the loan.  Standard loan will not exceed 10 years.

• The CAEZ Housing committee will make a determination of the length of the term.

• Minimum loans amounts will not be below $250.  Maximum loans cannot exceed $10,000.

How to Apply  

Contact one of the CAEZ Housing Committee Members:

• Braxton County 

• Mt. Cap of WV

• 1-800-871-1503

• Clay County  

• Tamera Summers

• Dream Home CDC

• (304) 354-9588 or 1-866-660-9588

• Fayette County

• Southern Appalachian Labor School 

• (304)442-3156

• Nicholas County       

• Nicholas Co. Family Resource Network     

• (304) 872-1162

• Roane County,
• Kim Davis,
• Roane County Housing Authority,
• (304)927-1780