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1. VIEDA closes the first two VI Slice loans with FirstBank

   ... families in the Territory. VIEDA’s chief executive officer, Wayne L. Biggs, Jr., expressed optimism about the program’s ... economic impact, stating, “Since the very first VI Slice loan was closed on St. Croix in May, resident interest has remained high. Local ...

2. Banco Popular Signs VI Slice MOA

   ... lender to sign a VI Slice MOA. VIEDA Chief Executive Officer Wayne L. Biggs, Jr. expressed optimism about the opportunities this ... local lender on the program that also offers this type of loan, options have increased for residents. The program has been gaining ...

3. VIEDA officials adjust VI Slice mortgage loan requirements to increase homeownership opportunities in the USVI

   ... announced today that the VIEDA is increasing its combined loan-to-value (CLTV) ratio and debt-to-income ratio (DTI) requirements for the ... clients,” stated Wayne L. Biggs, Jr., chief executive officer of the VIEDA, regarding the reason for these revisions to the ...

4. Aspiring first-time homeowner on St. Croix becomes first recipient of homeownership financing offered by VI Slice program

   ... Development Authority (VIEDA), in partnership with the Office of the Governor and the Office of Disaster Recovery (ODR) celebrated the ... Program’s (hereafter “VI Slice”) first mortgage loan on Monday, May 22, 2023 with approved VI Slice client Jahtaya I. Regis at ...

5. Merchants Commercial Bank becomes first lending institution to enter MOA to refer applications for VI Slice Moderate-Income Homeownership Program

   ... the Virgin Islands Economic Development Authority (VIEDA) to officially implement the VI Slice Moderate-Income Homeownership Program ... individuals must first apply for a conventional mortgage loan through one of the mortgage lenders participating in the VI Slice Program. ...

6. U.S. Virgin Islands approved for up to $57.8 million under the State Small Business Credit Initiative Program to help local small businesses

   ... are participants of the USVI SSBCI Program: a new Loan Participation Program (LPP) to obtain short to long-term financing to help ... VIEDA team, the U.S. Dept. of the Treasury's Public Affairs Office acknowledged that the error was made on Treasury's part as the U.S. ...

7. VIEDA launches new website for VI Slice Moderate-Income Homeownership Program in the U.S. Virgin Islands

   ... Program (hereafter “VI Slice” program).  Launched officially by the Virgin Islands Economic Development Authority (VIEDA) this ... individuals must first apply for a conventional mortgage loan through one of the  mortgage lenders  participating in the VI Slice ...

8. VIEDA Board of Directors to consider applications for tax incentives, low-interest loans from businesses on October 27

   ... 18, 2022 - Wayne L. Biggs, Jr., chief executive officer of the Virgin Islands Economic Development Authority (VIEDA), announces ... the  Economic Development Bank (EDB)  on small business loan applications received by the EDB.  The VIEDA advises the public that ...

9. Board Meeting set for October 11

   ... – October 3, 2022 — Wayne L. Biggs, Jr., chief executive officer of the U.S. Virgin Islands Economic Development Authority (VIEDA), ... Development Bank for The Apotheek, LLC applying for a new loan based in St. Croix, USVI. Please be advised that the VIEDA Board of ...

10. VIEDA’s Economic Development Bank and Enterprise Zone Commission make history for first dual application for growth of two local small business owners in St. Croix

    ... Simultaneously, Savor St. Croix, applied for a loan of $500,000 from the Economic Development Bank to assist with the purchase ... Christiansted. The VIEDA Governing Board includes officers Kevin Rodriquez, Chairman; Gary Molloy, Vice Chairman; and Haldane ...