Kenneth Steen
Loan Approved: August 30, 2013
MHP provided a $6.3 million loan to help developers Kenneth Steen and James Holding develop 60 units of affordable rental housing using a Ch. 40B comprehensive land use permit.
TYPE: New construction. Tax credit 40B.
WHERE: 32 Village Drive, Marion, MA.
WHAT: The new construction of 60 affordable apartments.
AFFORDABILITY: All units affordable at or below 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $6.3 million
RENTAL INFORMATION: 508-689-7035.