Sponsor: Planning Office for Urban Affairs (POUA)
Loan Approved: February 25, 2009
MHP committed $1.9 million to help the the Planning Office for Urban Affairs (POUA) acquire and substantially rehabilitate two connected vacant mill buildings into 57 units of rental housing in Haverhill.
TYPE: Adaptive reuse.
WHERE: 14-44 Granite Street, Haverhill.
WHAT: The acquisition and substantial rehabilitation of two connected, vacant mill building into a 57-unit mixed-income development.
AFFORDABILITY: 52 of the units will be affordable at 80 percent AMI.
MHP FINANCING: A permanent first mortgage of $1.9 million.
RENTAL INFORMATION: Peabody Properties, 888-744-2787