April 23, 2015
Love Funding, one of the nation’s leading providers of FHA multifamily, affordable and healthcare financing, announced the closing of a $5.76 million loan for additions and upgrades to The Hermitage at St. John’s Creek and Solomons Nursing Center, a 133-bed skilled nursing and assisted living facility in Solomons, Maryland.
Love Funding Senior Director Laura Saull-Smith of the Washington D.C. office obtained the loan through the U.S. Department of Housing and Urban Development’s Section 241(a) program, which allows for secondary financing for the purpose of upgrading furnishings and/or for complete renovations and additions in order to help meet demand in the local market.
April 1, 2015
Regional Director Bruce P. Gerhart and Senior Director James Vanar will be attending the Novogradac Affordable Housing Conference May 7-8, 2015 in San Francisco, CA. Stop by our booth to meet Bruce and James and learn more about the many financing options available through FHA’s affordable programs.
Interested in learning more about the Rental Assistance Demonstration (RAD) program and Low Income Housing Tax Credits (LIHTC)? Bruce Gerhart will be speaking during the “Combining LIHTC and RAD Transactions – Staying Ahead of the Curve” session on Thursday, May 7 at 2:45.
March 15, 2015
Regional Director Bruce P. Gerhart will be attending the Public Housing Authorities Directors Association Annual Convention & Exposition May 3-6, 2015 in San Francisco, CA. Stop by booth #413 to discuss your financing needs with Bruce.
March 12, 2015
By Mark Dellonte
Our elected leaders on both sides of the political aisle are going to have a lot to say about President Obama’s proposed federal budget in the weeks and months ahead. But one area is likely to continue escaping attention in the wake of the proposal’s release: the availability of affordable rental housing.
The president’s budget request would increase funding for the Department of Housing and Urban Development – the agency tasked with providing American housing options and assisting community development – by $4 billion, or 8.7 percent, above current levels. The casual observer might assume the lion’s share of this increase will go to helping more Americans buy their own homes. On the contrary, the majority of the hike will go to fund programs that help renters afford to put a roof over their head.
March 11, 2015
Senior Director Robert L. Smallwood and Director Brian Jones will be attending the Ohio Healthcare Association’s Long Term Care Convention & Expo April 27-30, 2015 in Columbus, OH. Join us at booth #602 to learn about the many financing options available through HUD’s healthcare finance programs.