RD 538 Financing Gives Way to More Affordable Operations,Texas News

USDA Rural Development 538 Permanent Loan Financing recently enabled an Abbington Ranch property to become a more feasible operation. Financing was recently secured for this 48-unit new affordable housing project in Boerne. Construction finished in mid-2020 with stabilization in December 2020. Permanent sources consist of Federal Low Income Housing Tax Credit Equity and the RD 538 financing.

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