Sponsor: Acton Housing Authority
Loan Approved: March 27, 2012
MHP committed $1.9 million in financing to help the Acton Housing Authority construct 12 units of affordable rental housing.
TYPE: New construction.
WHERE: 15-26 Sachem Way, Acton.
WHAT: The new construction of 12 rental units in six duplex buildings.
AFFORDABILITY: All units will be affordable to tenants earning at or below 60 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage of $1,155,000 and a deferred-payment Neighborhood Rental Initiative (NRI) second mortgage of $720,000.
RENTAL INFORMATION: Acton Housing Authority, (978) 263-5339.