PROJECT OVERVIEW
- In 2013, the project was refinanced under the 221(d)(4) RAD program as a substantial rehab project for $1,480,700.
- The project is 8 stories and consists of 72 units, in which 1 is a manager’s unit. The refinance allowed for the project to go from public housing to a project-based section 8 contract that covers the 71 available units.
- Project Name Hershey Towers
- Project Location Section 8, Senior Housing, Substantial Rehabilitation, Tax Credit
- Loan Amount Terrance Watkins
- Originator Pana, IL
- Year Built 1968-69
