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Storms Avenue Elderly Apartments
FHA HFA Risk Sharing (542c)
Endorsed October 24, 2008
FHA #03198022
Deal Details
- Location
- JERSEY CITY, New Jersey
- Mortgage Amount
- $7.5M
- Units
- 79
- Program
- HFA Risk Sharing (542c)
- Lender
- NEW JERSEY HMFA
- Fiscal Year
- FY2009
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $6.1M($7.5M original)
- Interest Rate
- 5.75%
- Maturity
- October 2048(23 years remaining)
- Original Term
- 40 years
- Holder
- NEW JERSEY HOUS MTG FIN AGCY
- Servicer
- NEW JERSEY HOUS MTG FIN AGCY
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
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