$2,000,000 to Fix Up Multifamily Units

Called the Supplemental Loan Insurance Multifamily Rental Housing Program and referred to as Program #14.151 in the Catalog of Federal Domestic Assistance, it can be used to finance repairs, additions and improvements to multifamily projects, group practice facilities, hospitals, or nursing homes already insured by HUD or held by HUD. Major movable equipment for insured nursing homes, group practice facilities or hospitals may be covered by a mortgage under this program. Contact your local office of the U.S. Department of Housing and Urban Development

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$25,000 Loan Serves As First Step Towards Business Ownership

Prospective business owners looking to set up shop in Washington DC's Ward 7/Marshall Heights area have strong support from the Marshall Heights Community Development Organization (MHCDO). The MHCDO provides, often at no cost, entrepreneurial and business training, one-on-one small business counseling in its Business Information Resource Center, technical assistance with loans, legal, accounting and other business-related areas, and special loan packaging, and loans ranging from $10,000 to $25,000. The group will also perform market research and assist with the development of print advertisements and other materials to promote the entrepreneur's business. Marshall Heights Community Development Organization, 3939 Benning Road, NE, Washington, DC 20019, 202-396-1200

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