Sponsor: Arch Street Development, LLC
Loan Approved: December 11, 2012
MHP committed $945,000 in financing to help Arch Street Development, LLC convert a former mill building into 50 new units of affordable rental housing in Easthampton.
TYPE: Adaptive reuse.
WHERE: 15 Cottage Street, Easthampton.
WHAT: The adaptive re-use of a mill building into 50 residential rental units.
AFFORDABILITY: All units affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $945,000.
RENTAL INFORMATION: Appleton Corporation, (413) 536-8048