Sponsor: Coalition for a Better Acre
Loan Approved: July 5, 2018
MHP committed to a $2.7 million permanent first mortgage loan to help Coalition for a Better Acre (CBA) construct a four-story building with 44 residential rental units, 2,654 square feet of commercial space, and a community room.
TYPE: New.
WHERE: 181-215 Washington Street, Haverhill.
WHAT: The construction of 44 residential rental units in a four-story building, commercial space, a community room, and two offices.
AFFORDABILITY: At least 18 units will be affordable at 60 percent AMI.
MHP FINANCING: A $2.7 million permanent first mortgage.
MORE INFO: Grand opening news release