Sponsor: Women's Institute for Housing and Economic Development
Loan Approved: November 3, 2004
MHP provided $305,000 in financing to help the Women's Institute for Housing and Economic Development convert a former school into 12 affordable apartments in New Bedford.
TYPE: Adaptive reuse
WHERE: 59 Linden Street, New Bedford.
WHAT: The adaptive reuse of a historic school into 12 affordable apartments and a commercial space occupied by NorthStar Learning Center.
AFFORDABILITY: All units affordable at 60 percent AMI.
MHP FINANCING: A $105,000 first mortgage loan and a $200,000 second mortgage loan.
RENTAL INFORMATION: HallKeen Residential, 781-762-4800.