Sponsor: HallKeen Real Estate Investment and Management
Loan Approved: July 16, 1999
MHP committed $620,000 in a permanent first mortgage loan to help HallKeen acquire and preserve six six-unit apartments in New Bedford.
TYPE: Preservation.
WHERE: 1-7 Austin Court and 6-20 Hazard Street in New Bedford.
WHAT: The acquisition of six six-unit buildings by a local developer with an existing stake in the neighborhood.
AFFORDABILITY: All 36 units are affordable to residents earning up to 60 percent of the area median income.
MHP FINANCING: $620,000 in a permanent first mortgage loan.
RENTAL INFORMATION: HallKeen Management, Inc., 781-762-4800.