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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.
Dream For All | Opening February 24th. | Get Ready Now!
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!