Sponsor: Victor and Daniel Kaufman
Loan Approved: December 5, 1997
MHP committed $655,300 in financing to help private developers Victor and Daniel Kaufman preserve 40 units of rental housing in Lynn.
TYPE: Preservation.
WHERE: 172 Washington Street, Lynn.
WHAT: The preservation of 40 rental units.
AFFORDABILITY: 13 units will be affordable to residents earning at or below 50 percent of the area median income (AMI).
MHP FINANCING: A permanent plus first mortgage of $452,000 and a second mortgage of $203,300.