Beckley among areas to lose USDA home loan eligibility - WVVA TV Bluefield Beckley WV News, Weather and Sports

Beckley among areas to lose USDA home loan eligibility

MARTINSBURG, W.Va. (AP) -- 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.

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