Sponsor: ASH Development Co.
Loan Approved: February 1, 2000
MHP provided $550,700 to help ASH Development Co. preserve 21 affordable apartments in Lawrence.
TYPE: Preservation
WHERE: 111-113, 129, 131-133, 135 and 137 Garden Street, Lawrence.
WHAT: The preservation of five historically significant rowhouse apartment buildings adjacent to downtown Lawrence.
AFFORDABILITY: Of the 21 units, 12 are affordable at 50 percent AMI.
MHP FINANCING: A $222,500 first mortgage and a $328,200 deferred-payment second mortgage.