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Loan Portfolio Management
MHDC manages a $6.3M loan portfolio, supporting low-income families with down payment assistance and affordable housing loans.
Loan Portfolio Management
The Loan Portfolio Management service at MHDC diligently oversees the administration of over 600 silent second loans, valued at $6.3 million, on behalf of the City of Montebello and the State of California. These funds play a crucial role in providing down payment and closing cost assistance to low- and moderate-income families, leveraging over $20 million in additional loans from lending institutions.
Through expert management, these loans are recycled to benefit more families, maintaining a sustainable cycle of support for homeownership in our communities.
Start now your journey for homeownership!