Sponsor: Housing Assistance Corporation
Loan Approved: February 22, 2012
MHP committed over $1.5 million in financing to help the Housing Assistance Corporation construct 10 affordable housing units in Mashpee.
TYPE: New construction.
WHERE: 570 Old Barnstable Road, Mashpee.
WHAT: The new construction of 10 rental units.
AFFORDABILITY: All units will be affordable at 50 percent AMI.
MHP FINANCING: A permanent first mortgage of $819,500 and a Neighborhood Rental Initiative (NRI) subsidy of $750,000.