HUD APPROVES $34.2 MILLION FINANCING DEAL TO REPLACE AGING HOSPITAL IN MENDOTA, ILLINOIS
By HUD -

WASHINGTON, DC – October 15, 2009 – (RealEstateRama) — The U.S. Department of Housing and Urban Development today announced a commitment to insure a mortgage loan to Mendota Community Hospital in Mendota, Illinois. The $34,220,000 loan is made possible through the Federal Housing Administration’s 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.

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