Sponsor: Meredith Management
Loan Approved: September 24, 2013
MHP committed $5,933,000 in first mortgage financing to help Meredith Management preserve 101 units of affordable rental housing for elderly and disable tenants in Clinton.
TYPE: Preservation
WHERE: 24 Water Street, Clinton.
WHAT: The preservation of 101 residential rental units for elderly and disabled tenants and families in a former mill building.
AFFORDABILITY: All units affordable at 50 percent AMI.
MHP FINANCING: A permanent first mortgage of $5,933,000.
RENTAL INFORMATION: Meredith Management Corp., (617) 65-2200