Sponsor: Amherst Housing Authority
Loan Approved: November 10, 2005
MHP provided over $980,000 in financing to help the Amherst Housing Authority preserve and construct eight units of affordable housing in Amherst.
TYPE: New construction/preservation
WHERE: 99 Bridge Street and Tamarack Drive, Amherst.
WHAT: The new construction of four units and the preservation of four additional units on land owned and developed by the Amherst Housing Authority.
AFFORDABILITY: All units affordable at 50 percent AMI.
MHP FINANCING: A $380,420 first mortgage and a $600,000 deferred-payment second mortgage.
ADDITIONAL SUPPORT: MHP's Community Assistance team provided long-term technical assistance in the pre-development design and bidding processes.
RENTAL INFORMATION: Amherst Housing Authority, 413-256-0206.