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 the management agent for over 40 properties located in several states. This diversity allows Arbor to offer expertise in a variety of affordable housing programs on both the state and federal levels. Programs administered by Arbor include: Section 8 (family and elderly), Section 236, LIHTC (family and elderly), Rural Development, Home Funds, Federal Home Loan Bank Affordable Housing Program, HODAG and Hope VI.
We provide 25 year financing for non-profits for facilities that will contribute to the area’s development and economic well-being.
For facilities that offer both housing and community development activities, we provide 25 or 30 year loans.