Sponsor: James and Annmarie Normandin
Loan Approved: October 24, 1997
MHP committed $1,578,242 in permanent rental financing to help private developers James and Annmarie Normandin acquire and rehabilitate 71 rental units in Fitchburg and Leominster.
TYPE: Rehabilitation.
WHERE: 175 Fifth Street, Fitchburg and Leominster.
WHAT: The acquisition and rehabilitation of 71 rental units.
AFFORDABILITY: 15 units will be affordable to residents earning at or below 50 percent of the area median income (AMI).
MHP FINANCING: MHP committed $1,578,242 in a permanent first mortgage loan.