Project sponsor: Falmouth Housing Corporation
Loan Approved: May 17, 2004
MHP is providing long-term low-interest financing to create eight units for formerly homeless individuals.
TYPE: Suburban new
WHERE: Gifford St., Falmouth.
WHAT: One building consisting of eight affordable studio apartments.
AFFORDABILITY: All units are affordable to low-income previously homeless individuals.
MHP FINANCING: MHP provided $120,000 in first mortgage financing and $200,000 zero-percent interest second mortgage.
RENTAL INFORMATION: Falmouth Housing Corporation, 508-457-0287.