Sponsor: Coalition for a Better Acre
Loan Approved: April 18, 1996
MHP committed $254,000 in permanent rental financing to help Coalition for a Better Acre construct 26 new rental units in Lowell.
TYPE: New.
WHAT: The new construction of 26 rental units.
AFFORDABILITY: Sixunits will be affordable to residents earning at or below 50 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage loan of $254,000.