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.
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