Sponsor: Homeowner's Rehab, Inc.
Loan Approved: October 20, 2010
MHP committed $2.82 million in permanent rental financing to help Homeowner's Rehab, Inc. construct 40 units of affordable rental housing in Cambridge.
TYPE: New construction.
WHERE: 625 Putnam Avenue, Cambridge.
WHAT: The new construction of 40 rental units.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $2.82 million.
RENTAL INFORMATION: Winn Residential, 617-491-5466.