Sponsor: Lawrence Community Works
Loan Approved: June 24, 2014
MHP committed over $3.3 million in permanent rental financing to help Lawrence Community Works construct 73 new affordable rental apartments on the site of a former textile mill in Lawrence.
TYPE: New construction/adaptive reuse.
WHERE: 4 Union Street, Lawrence.
WHAT: The adaptive reuse of the former Duck Textile Mill into 73 residential rental units.
AFFORDABILITY: All units affordable at 60 percent AMI.
MHP FINANCING: A $3,362,000 first mortgage.
RENTAL INFORMATION: First Realty Management Corp., (617) 423-7000.