BusinessJuly 13, 1998
BUSINESS MEMO: MHDC HOME FINANCING
The Missouri Housing Development Commission has made a conditional commitment with Holigan Homes of Missouri Limited to finance 50 single-family lots west of Sikeston. The commitment means that MHDC will loan Holigan Homes $595,000 at 7 percent interest, said Richard Groes, executive director of MHDC...
The Missouri Housing Development Commission has made a conditional commitment with Holigan Homes of Missouri Limited to finance 50 single-family lots west of Sikeston.
The commitment means that MHDC will loan Holigan Homes $595,000 at 7 percent interest, said Richard Groes, executive director of MHDC.
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The MHDC-financed homes will range in price from $70,000 to $120,000, with half of them in the $70,000-to-$90,000 range.
Holigan Homes plans to apply for state Community Development Block Grant funds from the Missouri Department of Economic Development for an adjacent 50 lots.
The development's financing is contingent on approval of the CDBG funds.
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