Sponsor: Arch Street Development, LLC
Loan Approved: February 26, 2008
MHP committed $745,000 in permanent rental financing to help Arch Street Development construct 42 new affordable rental units in North Adams.
TYPE: Adaptive reuse.
WHERE: 179-191 Ashland Street, North Adams.
WHAT: The adaptive reuse of a former mill building into 42 affordable rental units.
AFFORDABILITY: All units are affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $745,000.
RENTAL INFORMATION: Berkshire Housing Services or 413-344-4825