Sponsor: Community Development Partnership
Loan Approved: October 2, 2009
MHP committed over $1.1 million to help the Community Development Partnership finance 12 affordable rental units in Harwich.
TYPE: New construction.
WHERE: 35 Main Street Extension, Harwich.
WHAT: The new construction of 12 affordable rental units.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first leasehold mortgage of $730,000 and a deferred-payment second leasehold mortgage of $400,000 under the Permanent PLUS Program.