North Shore CDC
Loan Approved: December 16, 2019
MHP is using its bank-funded loan pool to provide $3.6M in long-term financing.
TYPE: New
WHERE: 206 Main St. and 5 Elm St., Gloucester
WHAT: New four-story downtown building 1/2 mile from the commuter rail station.
AFFORDABILITY: 10 one-, 17 two- and 3 three-bedroom apartments affordable at or below 60% AMI
MHP FINANCING: A $3.6 million permanent first mortgage