Sponsor: Barnstable Housing Authority
Loan Approved: September 25, 2012
MHP committed $1.6 million to help the Barnstable Housing Authority construct 12 units of affordable family housing in the Centerville village of Barnstable.
TYPE: New construction.
WHERE: 70 Stage Coach Road and 151 Oak Street, Barnstable.
WHAT: The new construction of 12 family affordable rental units.
AFFORDABILITY: All of the units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $850,000 and a Neighborhood Rental Initiative (NRI) subsidy mortgage of $750,000.
RENTAL INFORMATION: Barnstable Housing Authority, 508-771-7222.