Sponsor: Falmouth Housing Corp.
Loan Approved: June 16, 2000
MHP provided over $1.7 million in financing to help the Falmouth Housing Corp. construct 28 affordable units in Falmouth.
TYPE: New construction
WHERE: 587 & 651 Gifford Street, Falmouth.
WHAT: The new construction of 28 affordable rental units.
AFFORDABILITY: All affordable at 80 percent AMI.
MHP FINANCING: A $1.33 million first mortgage and a $495,000 deferred-payment second mortgage.
RENTAL INFORMATION: Falmouth Housing Corp., 508-540-4009.