Sponsor: Housing Corporation of Arlington
Loan Approved: July 23, 2008
MHP committed $1.275 million to help the Housing Corporation of Arlington acquire and rehabilitate 10 affordable housing units in Arlington.
TYPE: Preservation.
WHERE: 34 Forest Street and 11-13 Peirce Street, Arlington.
WHAT: The preservation of 10 affordable rental units.
AFFORDABILITY: All units affordable at 60 percent AMI.
MHP FINANCING: A $525,000 first mortgage and a $750,000 deferred payment second mortgage.
RENTAL INFORMATION: Warren Realty, 781-648-6700 or www.warrenrealtyinc.com