Sponsor: Garden Homes Development
Loan Approved: September 22, 2015
MHP committed $10 million in first mortgage financing to help Garden Homes Development construct 384 new rental units in Billerica.
TYPE: New construction
WHERE: 141 Rangeway Road, Billerica.
WHAT: New construction of 384 apartments.
AFFORDABILITY: 96 units will be affordable at 80 percent AMI.
MHP FINANCING:$10 million first mortgage