Sponsor: Leo Forcier
Loan Approved: January 24, 1997
MHP committed $135,000 in permanent rental financing to help private developer Leo Forcier preserve 11 rental/SRO units in Lowell.
TYPE: Preservation.
WHERE: 64 Tyler Park, Lowell.
WHAT: The preservation of 11 rental/SRO units.
AFFORDABILITY: Four units will be affordable at 60 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage loan of $135,000.