Sponsor: Hilltown Community Development Corporation
Loan Approved: April 10, 2001
MHP provided $220,000 in financing to help Hilltown CDC preserve seven apartments in Chesterfield.
TYPE: Preservation
WHERE: 397 Main Road, Chesterfield.
WHAT: The preservation of seven apartments.
AFFORDABILITY: Of the seven units, four are affordable at 80 percent AMI.
MHP FINANCING: A $100,000 first mortgage and a $120,000 deferred-payment second mortgage.
RENTAL INFORMATION: Hilltown CDC, 413-296-4536.