Sponsor: Falmouth Housing Corporation
Loan Approved: August 5, 2004
MHP provided $2.92 in financing to help the Falmouth Housing Corporation construct 24 rental units in Falmouth.
TYPE: New construction
WHERE: 20 Edgerton Drive, Falmouth.
WHAT: The new construction of 24 rental units.
AFFORDABILITY: Of the 24 units, 16 are as ffordable to residents earning at or below 80 percent AMI.
MHP FINANCING: A $2.17 million first mortgage and a $750,000 deferred-payment second mortgage.