Sponsor: Thomas Bubier
Loan Approved: June 17, 1999
MHP committed $314,000 in financing to help private developer Thomas Bubier preserve 12 rental units.
TYPE: Preservation.
WHERE: 29-35 Sagamore Street, Lynn.
WHAT: The preservation of 12 rental units.
AFFORDABILITY: Three units will be affordable to residents earning at or below 50 percent of the area median income (AMI).
MHP FINANCING: A $285,000 permanent plus first mortgage and a $29,000 second mortgage.