Sponsor: Foxborough Housing Authority
Loan Approved: October 20, 2005
MHP provided $3.43 million in financing to help the Foxborough Housing Authority construct 20 units of affordable rental housing in Foxborough.
TYPE: New construction
WHERE: Baker Street, Foxborough.
WHAT: The new construction of 20 affordable rental units on town-owned land.
AFFORDABILITY: All affordable at 50 percent AMI.
MHP FINANCING: A $2.68 million permanent first-mortgage loan and a $750,000 deferred-payment second-mortgage loan.
RENTAL INFORMATION: Foxborough Housing Authority, 508-543-5960.