Borrower: Innovative Housing, Inc. is a nonprofit organization that provides high-quality affordable housing to individuals and families and provides services to the residents to maintain their housing, access opportunities and break the cycle of poverty.
Amount of Loan: $4,022,000
Closed: December 30, 2015
Purchasing Bank: Pacific Continental Bank
Description of Loan: This Project was undertaken to refinance existing OFA bonds related to three separate housing communities. This was the borrower’s third SNAP Bond financing through OFA.
Type of Loan: SNAP Bond