Sponsor: Hopkinton Housing Authority
Loan Approved: December 17, 2009
MHP committed over $2 million to help the Hopkinton Housing Authority finance 12 units in Hopkinton.
TYPE: New construction.
WHERE: Mayhew Court, Hopkinton.
WHAT: The new construction of 12 townhouse units and 24 parking spaces.
AFFORDABILITY: All units will be affordable at 80 percent AMI.
MHP FINANCING: A permanent first mortgage of $1.34 million and a NRI second mortgage of $750,000.