News
Ready, Set, Slice!
February 6, 2014
Housing Trust Group chairman Randy Rieger (fourth from right) was on hand recently with local officials, finance execs, architects, and others for the ribbon cutting of HTC’s Pine Run Villas, a 63-unit affordable housing development at 4728 Big Ben Ln in Lake Worth (though it looks more like a ribbon shredding to us). According to Randy, the development is already 100% leased. It was financed with $5.5M in HUD Neighborhood Stabilization funds and HOME Program loan funds, along with a $4M construction and permanent financing loan from Citi Community Capital and tax credit funds through Raymond James.
