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Newberry Estates

Newberry Estates is a 200-unit affordable housing property located in Williamsport, PA. When acquired in 2012 by Silver Street, the financing of the deal utilized a HUD 221(d)(4) loan, making it one of the first property acquisitions to close having used this particular bond structure. The property is an asset to Historic Williamsport, the home of the Little League World Series, due to the recent demand for affordable housing options brought about by the rise of the natural gas industry.

200 Units

Acquired: 2012

Investor: Boston Financial