Sponsor: Beacon Communities Development LLC
Loan Approved: October 27, 2009
MHP committed $800,000 in permanent rental financing to help Beacon Communities LLC create 44 new rental units in Lawrence.
TYPE: Adaptive reuse.
WHERE: 23 Hawley Street and 30-32 Groton Street, Lawrence.
WHAT: The substantial rehabilitation of three buildings into 44 new rental units.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $800,000.
RENTAL INFO: http://www.sacredheartbc.com/