Sponsor: Bruce and Dorothy Blake
Loan Approved: August 18, 2004
MHP provided over $1.2 million in financing to help a local developers Bruce and Dorothy Blake build 10 units of housing in Bedford.
TYPE: New construction
WHERE: 18 Spring Road, Bedford.
WHAT: The new construction of 10 housing units.
AFFORDABILITY: Of the 10 units, seven will be affordable at 80 percent AMI.
MHP FINANCING: $815,000 first mortgage and a $420,000 deferred-payment second mortgage.
RENTAL INFORMATION: Wingate Communities, 781-275-1038.