M&T RCC Affordable Housing Platform Manager Sean Cullen, and Senior Vice President John Taylor, recently closed a $27,775,000 refinance through a Fannie Mae MHA loan for a 180-unit senior housing community in West Haverstraw, NY.

The property, originally financed by M&T RCC, has 180 units reserved for seniors 55+, including:

• 170 units at or below 60% AMI
• 93 units designated for elderly families (62+)

The asset also benefits from a 20-year Project-Based Section 8 HAP Contract expiring May 31, 2043, ensuring long-term affordability and stability for residents.