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Prospect Heights Phase III

FHA HFA Risk Sharing (542c)

Endorsed July 26, 2021

FHA #01698148

Deal Details

Location
PAWTUCKET, Rhode Island
Mortgage Amount
$1.5M
Units
96
Program
HFA Risk Sharing (542c)
Lender
RHODE ISLAND HFA
Fiscal Year
FY2021
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$1.5M($1.5M original)
Interest Rate
5.85%
Maturity
July 2039(13 years remaining)
Original Term
17 years, 11 months
Holder
RHODE ISLAND HSG MTGE FIN CORP
Servicer
RHODE ISLAND HSG MTGE FIN CORP

Source: HUD BF90 Active Insured Mortgages · Data as of February 2026

Data Sources

Endorsement data: HUD FHA Multifamily Firm Commitments and Endorsements Database

Active loan data: HUD BF90 Active Insured Mortgages, as of February 2026

hud.gov multifamily data

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