pennsylvania_housing_finance_agency_board_meeting.pdf
Bond Financing Authorized for Orbach Affordable Housing Affiliate
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Description
PHFA’s $24 million Sandy Hill Terrace bond authorization allows borrowing by Lighthouse Sandy Hill, LLC or another affiliate of Orbach Affordable Housing Solutions LLC. The sponsor will use the financing to acquire and rehabilitate affordable senior housing in Norristown.
Contract Details
Contract Amount
Not to exceed $24,000,000 (indirect, via affiliate Lighthouse Sandy Hill, LLC)
Vendor
ORBACH AFFORDABLE HOUSING SOLUTIONS LLC
Agency
Pennsylvania Housing Finance Agency, PA
Contract Type
FINANCIAL_SERVICES
Document Date
October 9, 2025
Contract Term
Up to 20 years after bond issuance; commitment to serve low income tenants for at least 35 years
Renewal Info
Financing includes a requirement to serve low income tenants for at least 35 years; bonds mature in up to 20 years with standard bond redemption features.
More from ORBACH AFFORDABLE HOUSING SOLUTIONS LLC
Related Contracts
Issuing Agency
Pennsylvania Housing Finance Agency
State Housing Authority
Harrisburg, PA
More from Pennsylvania Housing Finance Agency
Pennsylvania Housing Finance Agency Board Meeting Agenda 2026-06-11
pennsylvania_housing_finance_agency_board_minutes.pdf
pennsylvania_housing_finance_agency_board_meeting.pdf
pennsylvania_housing_finance_agency_board_meeting.pdf
pennsylvania_housing_finance_agency_board_meeting.pdf
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