Sponsors: Homeowners Rehab, Inc.
Loan Approved: July 18, 2002
MHP provided $4.5 million to help Homeowners Rehab, Inc. acquire and preserve 42 affordable units in Cambridge.
TYPE: Preservation
WHERE: 55-59 Columbia Street and 3-10 Columbia Terrace, Cambridge.
WHAT: The acquisition and preservation of 42 affordable units.
AFFORDABILITY: Of the 42 units, 41 are affordable at 60 percent AMI.
MHP FINANCING: A $4.5 million first mortgage.
RENTAL INFORMATION: Abrams Management Co., 617-424-1300.