Liberty Affordable Housing
Loan Approved: July 3, 2018
MHP committed to a $1.8 million permanent first mortgage loan to help Liberty Affordable Housing in an adaptive reuse project of an historic mill building for 100 units of residential rental housing for seniors 62 years and older, a senior center, and a medical education center.
TYPE: Adaptive reuse.
WHERE: 69 Alden Street, Fall River.
WHAT: Adaptive reuse of historic mill into 100 units of senior housing.
AFFORDABILITY: At least 40 of the units will be affordable for residents earning at or below 60 percent of area median income (AMI).
MHP FINANCING: A $1.8 million permanent first mortgage loan.