Borrower Stories
To mitigate the lasting effects of Rochester’s foreclosure crisis in the late 1990s, the Rochester Housing Development Fund Corporation (RHFDC) acquires and rehabilitates foreclosed single-family homes to create affordable housing for low- and moderate-income families
PCG worked with NCALL to provide $500,000 pari passu participation in a $1,500,000 loan to assist in providing affordable housing to families. Additionally, this loan expands PCG’s relationship with NCALL, with whom we have co-lent 10 times over the years.
The Griot apartments will bring together America’s Black Holocaust Museum, 35 low-income housing units, a coffee shop, and a playground in Milwaukee.