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Hannibal MPR Transfer

NECAC became the Not for Profit Owner.

Rural Development utilized many authorities.

Transfers and assumption of existing debt at new rates and terms.

Consolidation of 3 properties into 1.

Continuing rental assistance on 39 of 72 units.

MPR including debt deferral and additional loans

(first in nation) Transfer completed 9/30/2005.

Increased reserve funding to address capital needs.

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