Sponsor: Coalition for a Better Acre
Loan Approved: January 19, 2006
MHP provided $1.6 million in tax-exempt bonds to preserve 12 units of affordable housing in Lowell.
TYPE: Preservation
WHERE: 442-446, 450-454 and 462-466 Merrimack Street, Lowell.
WHAT: The preservation and renovation of 12 rental units in three buildings.
AFFORDABILITY: All units are affordable at 60 percent AMI.
MHP FINANCING: $1,609,000 in a permanent first mortgage loan through tax-exempt bond financing.
RENTAL INFORMATION: Maloney Properties or 781-943-0200.