Sponsor: Neighborhood of Affordable Housing
Loan Approved: August 28, 2012
MHP committed $1.45 million in first mortgage financing to help non-profit developer Neighborhood of Affordable Housing (NOAH) construct 26 units of senior housing in Carlisle.
TYPE: New construction.
WHERE: 575 South Street, Carlisle.
WHAT: The new construction of 26 senior units in one three-story building.
AFFORDABILITY: 22 units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $1.45 million.
RENTAL INFORMATION: http://benfieldfarmsapts.com/