Sponsor: Winn Development Co.
Loan Approved: May 23, 2007
MHP committed over $5.9 million in first mortgage financing to help Winn Development convert a 74-unit market-rate condominium project into affordable housing.
TYPE: Preservation.
WHERE: 201 Chelsea Street, Everett.
WHAT: The conversion of a 74-unit market-rate condominium into an affordable housing development.
AFFORDABILITY: 47 units will be affordable to residents earning at or below 60 percent AMI.
MHP FINANCING: $5,940,000 first mortgage.
RENTAL INFORMATION: WinnDevelopment, 617-742-4500.