Hilltown Community Development Corporation
Loan Approved: July 3, 2018
MHP committed to a $500,000 permanent first mortgage loan to help Hilltown Community Development Corporation (Hilltown CDC) construct two quad buildings and one duplex buildings with ten residential rental units for seniors aged 62 or older.
TYPE: New.
WHERE: 41 Main Street, Goshen.
WHAT: The new construction of 10 units as two quad buildings and one duplex building.
AFFORDABILITY: At least 3 of the units will be affordable to tenants earning up to 80 percent of the area median income (AMI).
MHP FINANCING: A $500,000 permanent first mortgage loan.