HUD APPROVES $10.7 MILLION REFINANCING DEAL FOR RIO GRANDE HOSPITAL

DENVER WASHINGTON, D.C. The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan to Valley Citizen’s Foundation for Health Care, Inc. which is doing business as Rio Grande Hospital in Del Norte, Colorado. It is estimated the refinanced debt will save the hospital more than $168,000 a year in principal and interest and more than $1.6 million over the life of the loan


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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

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