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HUD APPROVES $14 MILLION FINANCING PLAN TO REPLACE CRITICAL ACCESS HOSPITAL IN COLUMBUS, MONTANA

HUD APPROVES $14 MILLION FINANCING PLAN TO REPLACE CRITICAL ACCESS HOSPITAL IN COLUMBUS, MONTANA

WASHINGTON, DC – June 3, 2011 – (RealEstateRama) — The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan to the Stillwater Hospital Association in Columbus, Montana. The $14.3 million loan is made possible through the Federal Housing Administration’s (FHA) Section 242 Hospital Mortgage Insurance Program.

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U.S. Department of Housing and Urban Development (HUD) is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development, and enforces the nation’s fair housing laws.

Contact:

Brian Sullivan
(202) 708-0685