Sponsor: Planning Office for Urban Affairs (POUA)
Loan Approved: July 29, 2014
MHP committed $220,000 in first mortgage financing to the Planning Office for Urban Affairs (POUA) construct 12 new affordable units on the site of a historic school building in Haverhill.
TYPE: Adaptive reuse.
WHERE: 165 Winter Street, Haverhill.
WHAT: The conversion of a historic school building into 12 rental units.
AFFORDABILITY: All units affordable at 60 percent AMI.
MHP FINANCING: A $220,000 first mortgage.
RENTAL INFORMATION: Peabody Properties, (781) 794-1000