Sponsor: Homeowner's Rehab, Inc.
Loan Approved: May 28, 2013
MHP committed $11.8 million in direct bond financing to help Homeowner's Rehab, Inc. preserve 50 units of rental housing in the Harvard Square neighborhood of Cambridge.
TYPE: Preservation.
WHERE: 122 Mt. Auburn Street, Cambridge.
WHAT: The preservation of 50 residential rental units.
AFFORDABILITY: All units affordable at 60 percent AMI.
MHP FINANCING: A $11.8 million direct bond purchase through BNY Mellon.
RENTAL INFORMATION: Winn Management, 617-497-9410