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Cambridge: Auburn Park Phase II

Sponsor: Homeowners Rehab, Inc.

Loan Approved: June 4, 1999


MHP committed over $5.2 million in financing to help Homeowners Rehab, Inc. construct 60 new rental units.

TYPE:  New.

WHERE:  Brookline Street and Place, Franklin Street, and Auburn Park, Cambridge.

WHAT:  The construction of 60 new rental units.

AFFORDABILITY:  30 units will be affordable at 60 percent of the area median income.

MHP FINANCING:  $5,264,300 in permanent rental financing.

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