Monthly Archives: November 2012
Affordable Housing Preservation Transaction
In September 2012, affiliates of FCC acted as the affordable housing advisor for the refinancing of a 150 unit Section 8 assisted housing project in southwestern Pennsylvania. A new HUD insured mortgage in the amount of $5,112,000 for a term … Continue reading
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Affordable Housing Disposition
In July 2012, FCC completed the disposition of a USDA Rural Development assisted housing property in Sugarcreek, Ohio. The property was sold to a buyer who used low income tax credits to rehabilitate and preserve the property as low income … Continue reading
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