June 23, 2015
The National Housing and Rehabilitation Association will be hosting their 2015 Summer Institute in Newport, Rhode Island from July 15-18, 2015. Senior Director Holly Bray will be attending.
June 22, 2015
Join Director David Hirsch July 15-16, 2015 at the Wisconsin Collaborative for Affordable Housing’s annual A Home for Everyone Conference in Wausau, Wisconsin. Stop by our booth to meet David and discuss your financing needs.
June 22, 2015
Love Funding, one of the nation’s leading providers of FHA multifamily, affordable and healthcare financing, announced the closing of a $9.1 million loan refinancing for Westhaven Manor, a 144-unit age-restricted apartment community in Westland, Michigan.
Love Funding Midwest Regional Director Bruce Gerhart secured the loan through the U.S. Department of Housing and Urban Development’s 223(f) loan insurance program. Proceeds from the loan will be used to enhance the property with further improvements and fund a replacement reserve.
Westhaven Manor was built in 1986 and designed for those 62 years and older who do not require assistance with their daily living needs. The units each have an emergency call system connected to a central monitoring station and 24-hour supervision to summon emergency assistance. Twenty-nine of the units are reserved for low-income residents and a portion of these receive a rent subsidy from the Michigan State Housing Development Authority.
For more information, contact Bruce Gerhart at (216) 583-0812.
June 11, 2015
Senior Director Robyn Cunningham and Director Adrian Hartman will be attending the National Apartment Association’s Education Conference & Expo June 24-27, 2015 in Las Vegas, NV. Join Robyn and Adrian at booth #1528 to learn about the many financing options available through FHA’s multifamily finance programs.