2Life Communities
Loan Approved: July 3, 2018
MHP committed $3.25 million in a permanent first mortgage loan to 2Life Communities to support a new six-story building with 61 residential rental units for seniors and adults aging with developmental disabilities.
TYPE: New construction
WHERE: 132 Chestnut Hill Avenue, Brighton
WHAT: 61 apartment units in a new six-story building.
AFFORDABILITY: At least 25 of the 61 units are affordable to households at or below 60 percent of the area median income (AMI).
FINANCING: A permanent first mortgage loan of $3.25 million.