Sponsor: Coalition for a Better Acre
Loan Approved: August 4, 2005
MHP provided $16 million in tax-exempt bonds to help Coalition for a Better Acre preserve 265 units in Lowell.
TYPE: Preservation
WHERE: 150 Father Morissette Boulevard, 281 Moody Street and 463 Moody Street, Lowell.
WHAT: The preservation of of 265 units scattered in 27 buildings.
AFFORDABILITY: All units affordable at 60 percent AMI.
MHP FINANCING: $16 million in tax-exempt bonds for below-market interest rate, first-mortgage financing.
RENTAL INFORMATION: Maloney Properties, 781-943-0200.