pennsylvania_housing_finance_agency_board_meeting.pdf
PHFA Restructures Debt, Approves New Loan for Mahanoy Elderly
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Description
PHFA approved restructuring and new financing for the longstanding Mahanoy Elderly development, including a new first lien mortgage of up to $3.1 million at no more than 4.5% interest over 30 years. The action addresses repayment of a deferred support note while preserving affordable senior housing.
Contract Details
Contract Amount
Not to exceed $3.1 million for new first lien mortgage
Vendor
MAHANOY ELDERLY
Agency
Pennsylvania Housing Finance Agency, PA
Contract Type
FINANCIAL_SERVICES
Document Date
October 9, 2025
Contract Term
30-year amortization
Issuing Agency
Pennsylvania Housing Finance Agency
State Housing Authority
Harrisburg, PA
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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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