Sponsor: Caleb Foundation
Loan Approved: November 20, 1997
MHP committed $430,000 in permanent rental financing to help the Caleb Foundation construct 41 new affordable rental units in Lowell.
TYPE: New.
WHERE: 75, 81-83, 87-89, 93 Chestnut St., 43-65 Willow St., 252 High St., and 140-160 Andover St., Lowell.
WHAT: The new construction of 41 rental units.
AFFORDABILITY: All of the units will be affordable to residents earning at or below 60 percent of the area median income (AMI).
MHP FINANCING: $430,000 in permanent rental financing.