Sponsor: Russell LeBlanc
Loan Approved: July 23, 1997
MHP committed $530,000 in permanent rental financing to help private developer Russell LeBlanc preserve 31 rental and condo units in Lynn.
TYPE: Preservation.
WHERE: 653-655 Western Avenue, Lynn.
WHAT: The preservation of 31 rental and condo units.
AFFORDABILITY: Seven of the rental units will be affordable to residents earning up to 50 percent of the area median income (AMI).
MHP FINANCING: A $530,000 permanent first mortgage.