Sponsor: Barnstable Housing Authority
Loan Approved: July 13, 2000
MHP provided $771,101 to help the Barnstable Housing Authority rehabilitate a vacant rooming house into 12 affordable apartments in Hyannis.
TYPE: Preservation
WHERE: 93 Pleasant Street, Hyannis.
WHAT: The preservation of a vacant rooming house into 12 affordable apartments.
AFFORDABILITY: All affordable at 60 percent AMI.
MHP FINANCING: A $371,538 first mortgage and a $39,563 deferred-payment second mortgage.
ADDITIONAL ASSISTANCE: MHP's Community Assistance team provided a predevelopment loan to help the housing authority determine the project’s feasibility and direction.
RENTAL INFORMATION: Barnstable Housing Authority, 508-771-7222.