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Rockport Mortgage Corp. closed a $24-million FHA loan for the. Verona Senior Citizens Apartments in Verona and $27 million in FHA financing for Mansion Apartments in Pine Hill.
The plan calls for enacting 0.75% and 2% utility energy efficiency standards for natural gas and electricity, respectively, improving energy efficiency programs, adopting new clean energy and energy efficiency financing mechanisms and strengthening building and energy codes and appliance standards.
A primary driver for Ridge's investment in Sterling Pointe is the consistently healthy Sacramento housing, a result of positive job growth fundamentals coupled with very low delivery of new housing inventory this cycle.