Sponsor: Falmouth Housing Corporation
Loan Approved: June 19, 2002
MHP provided $746,000 in financing to help the Falmouth Housing Corp. construct 14 units of affordable rental housing in Falmouth.
TYPE: New construction
WHERE: 651 Gifford Street, Falmouth.
WHAT: The new construction of 14 rental units on campus that includes 24 units from Phase 1, the Falmouth Food Pantry and the Falmouth Service Center.
AFFORDABILITY: All affordable at 80 percent AMI.
MHP FINANCING: A $746,000 first mortgage.
RENTAL INFORMATION: Falmouth Housing Corp., 508-540-4009.