The US Department of Housing and Urban Development said it is approving a $69.7 million loan guarantee to the city of Boston that will create a revolving loan pool that aims to kick-start stalled real estate development projects and stimulate the hiring of nearly 2,000 full-time workers
Wednesday, September 23, 2009
Boston Creates $70 Million HUD Backed Loan Pool To Help Create 2,000 Jobs.
Boston Globe story is HERE. Program uses HUD Section 108 loan authority.
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