Posts in Affordable Housing
Stratford Place Grand Re-Opening

RiverHills Bank proudly supports another Affordable Housing Project. Through partnership with Fairfield Homes, Inc., RiverHills Bank was able to provide a $8,500,000 Construction Loan converting to a $3,400,000 Permanent Loan, along with a $2,075,000 cash-collateralized construction loan. Stratford Place was one of the first 4% LIHTC developments to utilize RiverHills Bank's cash-collateralized construction loan structure.

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Hisle Park Apartments Grand Opening

Through partnership with The Model Group, Inc., the Portsmouth Metropolitan Housing Authority, and Shawnee Family Health Center; RiverHills Bank was able to provide a $5,959,687 construction loan and co-sponsor the application for $908,598 in Affordable Housing Program (AHP) Grant Funds as a Member Bank of FHLB of Cincinnati awarded to the Hisle Park Apartments project.

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