Hudson River Housing (HRH) recently closed on a $1,500,000 revolving predevelopment line of credit to support their pipeline of multifamily and single-family developments in New York’s Hudson Valley. HRH will use the line to advance the progress of several projects; building 92 new affordable apartments; rehabilitating a 100-room motel used as transitional housing; and building 13 new foe-sale homes on scattered sites. This was NeighborWorks Capital’s first loan to HRH.
Learn more about NeighborWorks Capital’s competitively priced, fixed-rate loan capital that is available to members of the NeighborWorks network. Visit our lending solutions page for more information.
