PRINCETON, WV (WOAY) – Mercer County is getting state support to help build more housing after both Bluefield and Princeton applied to join the BUILD West Virginia program.
They were approved, making the area within a 20-mile radius of Princeton a BUILD West Virginia District. That means housing construction projects may be exempt from several taxes.
To be eligible, the projects must incur expenses of at least $3 million or create six residential units or houses.
The project must also significantly improve the local and state economy by supporting job creation.
According to Samuel Lusk, economic development director for the city of Princeton, the construction of housing is an “essential part” of the area’s economic growth.
BUILD WV was established in 2022 and expanded last year. The program offers various incentives to help develop residential housing across the state.
