Homes for Low Income Seniors. Red Hill Senior Associates, LP received a loan for the establishment of Red Hill Villas in Montgomery County, Pa. The property offers 68 units in a complex dedicated to low to moderate income seniors. The property is also managed by Arbor Management. (Loan Pool II – 2/26/2004)
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Community Lenders CDC
Audrey McMichael (Executive Director)
Vicki Freed (Administrative Assistant)
121 N. Main Street, Suite 206
Souderton, PA 18964
215-799-1340
Residential Housing
We provide 30-year financing for low and middle-income housing projects. (not to individual homeowners).
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Community Development
We provide 30-year financing for non-profits for facilities that will contribute to the area's development and economic well-being.
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Mixed-Use Loans
For facilities that offer both housing and community development activities, we provide 25-or 30-year loans.
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Our Interest Rates
Non-Profit: 5.75%
For-Profit: 6.25%
Rates are subject to change without notice.