Sponsor: Chelsea Neighborhood Developers
Loan Approved: June 21, 2006
MHP committed $1.11 million in first mortgage financing to create 41 new affordable housing units in Chelsea.
TYPE: New construction.
WHERE: 100, 121 and 132 Library Street; 27 Gerrish Avenue, Chelsea.
WHAT: The new construction of 41 affordable housing units in the Box District of Chelsea.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A $1.11 million first mortgage loan.
RENTAL INFORMATION: Winn Residential or 617-884-0692.