CHEFA closes $200,000 loan with the Towers Foundation, Inc. through the Capital Investments Loan Program

CHEFA and the Towers Foundation, Inc. recently closed a $200,000 loan through the Capital Investments Loan Program. The funds from the loan will be used to complete a significant ground floor renovation project at The Towers at Tower Lane of New Haven, CT.

The Towers Foundation, Inc. is a 501(c)(3), whose purpose is to provide a variety of services to residents of The Towers at Tower Lane, which is owned and operated by an affiliate, The New Haven Jewish Community Council Housing Corporation. The Towers at Tower Lane, is one of the country’s first senior living facilities, providing independent living and assisted living services. The community has 328 units and provides support services to Seniors who are either low-income or extremely low income.