Sponsor: Coalition for a Better Acre
Loan Approved: February 27, 2003
MHP provided over $1 million in financing to help the Coalition for a Better Acre (CBA) preserve 33 affordable units in Lowell.
TYPE: Preservation
WHERE: 63 Fletcher Street, 192 Suffolk Street, 174 Broadway and 34 Marion Street, Lowell.
WHAT: The preservation of 33 units in four apartment buildings.
AFFORDABILITY: All affordable at 60 percent AMI.
MHP FINANCING: $1,072,000 first mortgage.
RENTAL INFORMATION: Maloney Properties, 978-454-5595.