Sponsor: Beacon Communities
Loan Approved: October 25, 2011
MHP committed $17.1 million in financing to help Beacon Communities rehabilitate the former Ames Shovel Factory into 113 rental units.
TYPE: Adaptive reuse.
WHERE: 26, 28 and 34 Main Street, Easton.
WHAT: The historic restoration of nine former manufacturing building into 113 residential rental units.
AFFORDABILITY: 34 units will be designated as affordable at 80 percent AMI.
MHP FINANCING: A permanent first mortgage of $17.1 million.
RENTAL INFORMATION: Beacon Communities, 617-574-1100.