• 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
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