Washington, D.C. – November 16, 2011 – (RealEstateRama) — Today Rep. Gary Peters announced a loan of over $10 million from Section 202 development funds to provide affordable housing for low income seniors in Pontiac. This loan will be made to CSI Support and Development Services to build a new 77 unit apartment facility in Pontiac. These funds come as part of a Housing and Urban Development (HUD) program and include a three-year subsidy to help seniors pay for their rent.
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