Sponsor: Leominster Development Corporation
Loan Approved: July 20, 2005
MHP committed over $1.5 million in financing to help the Leominster Development Corp. construct 14 affordable units in Leominster.
TYPE: New construction
WHERE: 95 Adams Street, Leominster.
WHAT: The new construction of 14 affordable rental units.
AFFORDABILITY: All units affordable at 80 percent AMI; 12 units affordable at 50 percent AMI.
MHP FINANCING: A permanent first mortgage loan of $773,000 and a deferred-payment second mortgage loan of $750,000.
RENTAL INFORMATION: Leominster Housing Authority, 978-537-5300.