Sponsor: The Caleb Foundation, Inc.
Loan Approved: January 12, 2010
MHP committed $740,000 to help The Caleb Foundation, Inc. finance 34 units in Gloucester.
TYPE: New construction.
WHERE: 147 Essex Avenue, Gloucester.
WHAT: The new construction of 34 rental units.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $740,000.
RENTAL INFORMATION: The Caleb Foundation, 978-281-8181.