Sponsor: Housing Corporation of Arlington
Loan Approved: October 21, 2004
MHP committed over $1.9 million in financing to help the Housing Corp. of Arlington (HCA) preserve 12 affordable rental apartments in Arlington.
TYPE: Preservation
WHERE: 118 Rawson Road; 40-42 Dorothy Road and 36-38 Sherborn Street, Arlington.
WHAT: The preservation of six, two-family buildings that might otherwise have been lost to market.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A $1,107,439 first mortgage and a $875,000 deferred-payment second mortgage.
RENTAL INFORMATION: Housing Corp. of Arlington (HCA), 781-316-3429.