EYEWITNESS LOCAL NEWSThree Areas In WV Lose USDA Home Loan Eligibility
from Eyewitness News Online
Reported by: Associated Press
Web Producer: Bethany Simmons
Reported: Sep. 26, 2013 7:59 AM EDT
Martinsburg , West Virginia
Beckley, Martinsburg and the Teays Valley area of Putnam County are no longer eligible for a federal program that subsidizes home loans for low-income residents.
All three are now considered metropolitan statistical areas, based upon the 2010 U.S. Census.
That makes them ineligible for the U.S. Department of Agriculture's Rural Development subsidized housing loan program.
State Rural Development director Bobby Lewis announced the changes this week. They are effective Oct. 1.
Wendell Alt with the Martinsburg Rural Development office tells The Journal that the program's population cutoff is 10,000 residents.
According to the census, Martinsburg's 2010 population was 17,227. Beckley's population was 17,614 and Teays Valley's population was 13,175.
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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