Sunday, March 23, 2008

Ellenville, NY - Loans $3.15M for Ellenville Apartments

Ellenville, NY - Nonprofit Loans $3.15M for Ellenville Apartments

Ellenville, NY - Developer Jonah Mandelbaum, who is building new, low-income apartments next to Ellenville Regional Hospital has a $3.15 million loan to help fund the project.

The money from the Community Preservation Corp., a regional nonprofit, finances the first phase of the 144-unit development.

The apartments will rent from $210-$560 per month. The first phase is scheduled to be ready for people to move in before the end of the year.

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