Affordable Housing for Families. Sharon Hill Commons received a loan to establish safe, affordable housing for low income families with housing payments of not more than 30 percent of household gross income. They used the loan to provide an 11-unit apartment building and 20 residential townhomes at one site and a 2-unit residential building and […]
Moderate Income Housing for Seniors. A loan for Park View at Cheltenham helped to build a new 74-unit apartment building for seniors with moderate income in Elkins Park, Montgomery County, PA. The property is owned and managed by The Shelter Group, a national real estate development and property management company specializing in multi-family and senior […]
Section 8 Housing for Seniors. St. James Place, a Limited Partnership received a loan for a property in, Downingtown, Chester County, Pa. The property is a 28,515 square foot, 2 story, 40-unit apartment building for residents who meet Federal requirements for Section 8 housing. The apartments are operated by Arbor Management. Arbor Management, LLC is […]
Homes for Low Income Seniors. Red Hill Senior Associates, LP received a loan for the establishment of Red Hill Villas in Montgomery County, Pa. The property offers 68 units in a complex dedicated to low to moderate income seniors. The property is also managed by Arbor Management.
Center for Youth. Greater Norristown Police Athletic League (PAL) received a loan for the purchase of a 2-story, 11,288 square foot facility in Norristown, Montgomery County, Pa., to be used as an activity center for youth ages 8-18. Greater Norristown Police Athletic League is a non-profit, volunteer organization serving the youth and families of the […]
Housing, Day Programs for the Mentally Challenged. With multiple locations throughout Montgomery County, Pa., Hedwig House, Inc., provides programming and housing for mentally challenged clients. A loan for a twin home used as a group home in Pottstown, Montgomery County, Pa. (Loan Pool III – 2/27/2007) A loan in 2001 helped set up a 6,469 […]