Sponsor: The Neighborhood Developers
Loan Approved: August 20, 2009
MHP committed over $1.2 million in permanent rental financing to help The Neighborhood Developers finance the new construction of 32 affordable rental units in Chelsea.
TYPE: New construction.
WHERE: 205-221 Spencer Avenue, Chelsea.
WHAT: The new construction of 32 affordable rental units.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $1,275,490.
RENTAL INFORMATION: Winn Residential, 617-884-0692.