Sponsor: S-C Management Corp.
Loan Approved: September 18, 2007
MHP committed $2,296,000 to help S-C Management Corp. construct 14 new affordable housing units on town-owned land in Bedford.
TYPE: New construction
WHERE: 447 Concord Road, Bedford
WHAT: The new construction of 14 affordable units on town-owned land.
AFFORDABILITY: All but two units affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage loan of $1,246,000 and a second mortgage loan of $1,050,000.
RENTAL INFORMATION: Wingate Management, 781-275-1038