Sponsor: South Middlesex Opportunity Council
Loan Approved: December 11, 1998
MHP committed over $2.9M in financing to preserve 123 SRO units, 12 rental units, an 18 bed shelter, a house with four units, and four administrative offices.
TYPE: Preservation.
WHERE: Scattered site, Framingham.
WHAT: The acquisition and preservation of 123 SRO units, 12 rental units, an 18 bed shelter, a house with four units, and four administrative offices.
AFFORDABILITY: 79 SRO units will be affordable at 60 percent of the area median income (AMI).
MHP FINANCING: $2,945,250 in permanent rental financing.