Section 538 loans in West Virginia
USDA's public file lists 69 Section 538 guaranteed loans in West Virginia, $116,370,777 in all, financing 3,340 apartments. 69 of them also used housing tax credits. The median loan covered 16% of total development cost.
Lenders on these loans
- WEST VIRGINIA HOUSING DEVELOPMENT FUND58
- BELLWETHER ENTERPRISE REAL ESTATE9
- BONNEVILLE MORTGAGE COMPANY, LLC1
- PNC BANK, N.A.1
Lender names as USDA records them. Open Country is not affiliated with any lender listed.
| Project | Closed | Loan | Loan to cost | Units | 1BR / 2BR / 3BR rent |
|---|---|---|---|---|---|
| Childers Crossing Huntington · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2026 | $1,024,000 | 12% | 30 | - / - / $1,032 |
| Tremont Park Apartments Bluewell · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2026 | $750,000 | 14% | 36 | $651 / $755 / - |
| Deer Forest Apartments Gassway · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2025 | $250,000 | 5% | 32 | $638 / $728 / $819 |
| Beckley Townhomes, Bw, Wb (3) Beckley · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2024 | $35,326,000 | 60% | 309 | $1,011 / $974 / $1,222 |
| Forrest Place Apartments Kermit · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2024 | $904,783 | 14% | 39 | $610 / $670 / - |
| Franklin Manor Apartments Martinsburg · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2024 | $4,712,000 | 44% | 48 | $1,320 / $1,515 / $1,700 |
| Fox Ridge Apartments Princeton · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2024 | $1,305,000 | 13% | 108 | - / $555 / $625 |
| Joseph's Crossing Summersville · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2024 | $850,000 | 13% | 42 | $475 / $561 / $690 |
| Monongah Heights Apartments Fairmont · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2023 | $300,000 | 7% | 40 | $560 / $610 / - |
| Thurston Landing II St. Albans · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2023 | $946,000 | 12% | 40 | $360 / $575 / $775 |
| Post Glen Apts Oceana · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2023 | $1,300,000 | 27% | 40 | $580 / $665 / - |
| Tygart Valley Apts Elkins · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2023 | $419,000 | 12% | 32 | $555 / $630 / - |
| Lindsey Terrace Martinsburg · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2023 | $1,740,000 | 35% | 40 | $680 / $790 / - |
| Baltimore Gardens Keyser · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2023 | $800,000 | 11% | 32 | $540 / $641 / $737 |
| Fort Springs Apartments Lewisburg · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2023 | $452,000 | 11% | 36 | $445 / $515 / $565 |
| Mill Creek Landing Charleston · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2023 | $1,053,000 | 18% | 48 | $511 / $586 / $660 |
| Glade View Apartments Cowen · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2022 | $950,000 | 14% | 33 | $451 / $597 / $745 |
| Thurston Landing Saint Albans · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2022 | $1,032,000 | 14% | 36 | $500 / $700 / $700 |
| Muirwood Greene Apartments Romney · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2022 | $1,250,000 | 16% | 50 | $518 / $583 / $655 |
| Gaston Avenue Apartments Fairmont · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2021 | $275,000 | 8% | 20 | $631 / $809 / - |
| Chapmanville Towers Chapmanville · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2021 | $3,879,000 | 42% | 88 | $839 / - / - |
| Glen Elk Apartments Clarksburg · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2021 | $950,000 | 15% | 36 | $650 / $767 / - |
| Keyser Greene Apartments Keyser · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2021 | $1,050,000 | 15% | 38 | - / $680 / - |
| Potomac Heights Apartments Keyser · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2020 | $11,160,000 | 59% | 141 | $880 / $973 / $1,225 |
| Newberry Apartments Parkersburg · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2020 | $662,000 | 12% | 32 | - / $567 / - |
| Newberry Apartments Parkersburg · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2020 | $263,000 | 5% | 32 | - / $567 / - |
| Logan Landing Logan · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2019 | $390,000 | 7% | 36 | $450 / $530 / - |
| Logan Landing Logan · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2019 | $170,000 | 3% | 36 | $450 / $530 / - |
| Alpine Village Apartments Terra Alta · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2019 | $700,000 | 16% | 44 | $590 / $725 / - |
| Elizabeth Way Apartments Ripley · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2018 | $740,000 | 14% | 32 | $465 / $555 / - |
| Emerald Gardens Apartments West Hamlin · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2018 | $200,000 | 2% | 42 | - / $445 / $646 |
| Emerald Gardens Apartments West Hamlin · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2018 | $500,000 | 6% | 42 | - / $445 / $646 |
| Mccormick Greene Apartments Sistersville · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2017 | $715,000 | 16% | 24 | - / $515 / $587 |
| Woodyard Greene Apartments Elizabeth · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2017 | $895,000 | 15% | 30 | - / $530 / $610 |
| Bayridge Greene Keyser · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2016 | $1,515,000 | 21% | 40 | $615 / $735 / $845 |
| Pringle House Buchannon · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2016 | $600,000 | 10% | 40 | $360 / $425 / - |
| Elk Village Apartments Elkview · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2014 | $1,275,000 | 22% | 48 | $470 / $560 / - |
| Hyden Greene Apartments Phillipi · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2013 | $483,500 | 10% | 24 | $470 / - / - |
| Lowe Gardens I Shepardstown · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2012 | $460,000 | 23% | 24 | $1 / - / - |
| Tucker Manor Apartments Parsons · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2012 | $750,000 | 31% | 30 | $560 / - / - |
| Sue Terrace II Apartments Milton · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2012 | $325,000 | 12% | 40 | $480 / $510 / $530 |
| Crestview Village Beckley · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2012 | $810,000 | 16% | 48 | $455 / $455 / - |
| Virginia Way Apartments Shinnston · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2012 | $650,000 | 21% | 32 | $400 / $495 / - |
| Brook Village Apartments Lewisburg · Rehab/Repair · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2011 | $570,000 | 13% | 32 | $395 / $490 / - |
| Willow Tree Village Hurricane · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2011 | $1,590,000 | 35% | 48 | $450 / $550 / - |
| Unity Terrace Apartments Fairmont · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2010 | $1,930,000 | 28% | 100 | $515 / $604 / $705 |
| Garrett Mills Apartments Grafton · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2010 | $475,000 | 13% | 32 | $330 / $380 / $430 |
| Wilshere Landing Apartments Lewisburg · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2010 | $1,250,000 | 32% | 40 | $345 / $480 / $540 |
| Hudson Place Apartments Ripley · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2010 | $1,500,000 | 33% | 44 | $395 / $495 / $545 |
| Mineral Manor Apartments Parkersburg · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2010 | $1,453,000 | 31% | 48 | $416 / $469 / $517 |
| Quinton Court Apartments Barboursville · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2009 | $1,122,000 | 31% | 38 | $423 / $474 / $528 |
| Dara Heights Apartments Princeton · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2009 | $1,375,000 | 38% | 48 | $338 / $465 / $525 |
| Jordan Landing Apartments Point Pleasant · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2008 | $1,280,000 | 32% | 48 | $300 / $365 / $425 |
| Fayette Hills II Apartments Fayetteville · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2008 | $500,000 | 10% | 68 | $394 / $460 / - |
| Valley Village Apartments Elkins · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2007 | $1,300,000 | 42% | 48 | $330 / $430 / - |
| Elle Bella Villa Apartments Dunbar · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2006 | $1,385,650 | 37% | 50 | $450 / $500 / - |
| Spruce Cove Apartments Lewisburg · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2006 | $50,000 | 2% | 42 | $365 / $435 / $485 |
| Knollview Village Apartments St Albans · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2006 | $1,500,000 | 49% | 48 | $350 / $450 / - |
| North Bend Apartments Harrisville · New Construction · LIHTC · PNC BANK, N.A. | 2006 | $960,844 | 27% | 38 | $375 / $450 / $525 |
| Barbara Hegiths Apartments Shinnston · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2005 | $1,280,000 | 40% | 48 | $375 / $455 / $510 |
| Trace Ridge Apartments South Charleston · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2005 | $1,275,000 | 43% | 48 | $450 / $500 / - |
| Tyler Heights Apartments Cross Lanes · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2005 | $1,225,000 | 46% | 40 | $393 / $476 / $535 |
| Pauli Heights Limited Partners Bluefield · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2005 | $1,725,000 | 55% | 56 | $360 / $426 / $475 |
| Spruce Cove L.P. Lewisburg · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2005 | $395,000 | 12% | 56 | $365 / $435 / $485 |
| Quarry Glenn Apartments Weston · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2004 | $1,640,000 | 49% | 56 | $375 / $439 / $485 |
| Spruce Cove Apartments Lewisburg · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2004 | $1,205,000 | 36% | 42 | $365 / $435 / $485 |
| Dylan Heights Apartments Summersville · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2003 | $1,475,000 | 55% | 48 | $356 / $423 / $475 |
| Jenna Landing Apartments Sissonville · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2003 | $1,403,000 | 55% | 48 | $368 / $462 / $513 |
| Perkins Parke Apts. Cross Lanes · New Construction · LIHTC · WEST VIRGINIA HOUSING DEVELOPMENT FUND | 2002 | $1,725,000 | 55% | 56 | $373 / $470 / $521 |