Sentences with phrase «loans for housing rehabilitation»

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This segment also provides construction, and land acquisition and development loans; secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; and real estate and mortgage brokerage services.

A $ 16,250,000 New York City Housing Development Corporation (HDC) permanent first mortgage loan for the rehabilitation of Simpson Street Apartments in the Bronx, containing 301 low - income units.

Borrowers may also consider HUD's Title I Home Improvement Loan program, for energy - efficient housing rehabilitation activities that don't also require refinancing or buying the property.

Section 223 (e) helps to meet the need for adequate housing for moderate and low income families by insuring lenders against the risk of default on mortgage loans to finance the rehabilitation, purchase, or construction of housing in declining, older, but still viable urban areas where requirements for other mortgage insurance can't be met.

NEW YORK CITY — Pembrook Capital Management LLC (Pembrook), a commercial real estate investment manager that provides financing throughout the capital structure including first mortgages, mezzanine, bridge loans, note financings, and preferred equity for most property types, as well as tax - exempt bond financing for the acquisition, construction and rehabilitation of multifamily housing, announced the closing of a $ 7.5 million preferred equity transaction that will be used to facilitate the construction of Lincoln Park, a Brooklyn, NY development consisting of two Class A, multi-family apartment buildings, totaling 133 units.

Salem Housing Rehabilitation Loan Program: Salem Housing Rehabilitation Loan Program is a program that provides assistance for moderate rehabilitation projects to eliminate existing or potential health and safety hazards, to carry out handicapped access improvements, and to undertake historic preservation.

Just about every state now offers loans for renovation and rehabilitation at below - market interest rates through its Housing Finance Agency or a similar agency.

• Making insurance available for both mortgages and home rehabilitation — HUD's Section 203 (k) loan program enables those who have lost their homes to finance the purchase or refinance of a house along with its repair through a single mortgage.

Under the HUD exemption, lenders need not provide the RESPA GFE and RESPA settlement statement when six prerequisites are satisfied: (1) The loan is secured by a subordinate lien; (2) the loan's purpose is to finance downpayment, closing costs, or similar homebuyer assistance, such as principal or interest subsidies, property rehabilitation assistance, energy efficiency assistance, or foreclosure avoidance or prevention; (3) interest is not charged on the loan; (4) repayment of the loan is forgiven or deferred subject to specified conditions; (5) total settlement costs do not exceed one percent of the loan amount and are limited to fees for recordation, application, and housing counseling; and (6) the loan recipient is provided at or before settlement with a written disclosure of the loan terms, repayment conditions, and costs of the loan.