Sponsor: Lawrence Community Works
Loan Approved: November 29, 2006
MHP committed $980,000 in first mortgage financing to help Lawrence Community Works preserve 11 new affordable units.
TYPE: Preservation.
WHERE: 211A, 213, 215, and 217 Farnham Street, Lawrence.
WHAT: The preservation of 11 affordable housing units.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A $230,000 permanent first mortgage loan and a $750,000 deferred payment second mortgage loan.
RENTAL INFORMATION: Winn Residential, info@winnco.com, or 617-742-4500.