Beacon Communities Development
Loan Approved: July 5, 2018
MHP committed $21.1 million in a permanent first mortgage financing to help Beacon Communities Development construct 130 residential rental units in Amherst.
TYPE: New.
WHERE: 92 and 134 Montague Road, Amherst.
WHAT: The new construction of 130 rental units.
AFFORDABILITY: At least 26 of the units will be affordable to residents earning at or below 50 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage of $21.1 million.