Sponsor: Housing Corporation of Arlington
Loan Approved: May 18, 2006
MHP committed $1,715,000 in financing to help the Housing Corporation of Arlington (HCA) preserve 18 affordable units in Arlington.
TYPE: Preservation
WHERE: 1016 and 1166 Massachusetts Avenue, Arlington.
WHAT: The moderate rehabilitation and preservation of 18 one-bedroom units scattered across four buildings on Massachusetts Avenue.
AFFORDABILITY: All units are affordable at 80 percent AMI; two units are affordable at 50 percent AMI.
MHP FINANCING: A permanent first mortgage of $865,000 and deferred payment second mortgage of $850,000.
RENTAL INFORMATION: Barrington Management Co. or 781-648-9600.