Sponsor: Thomas Bubier
Loan Approved: June 7, 1996
MHP committed $272,000 in permanent rental financing to help private developer Thomas Bubier preserve 13 rental units in Lynn.
TYPE: Preservation.
WHERE: North Common Street, Lynn.
WHAT: The preservation of 13 rental apartment units.
AFFORDABILITY: Two units 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 $272,000.