Sponsor: Valley Community Development Corporation
Loan Approved: June 16, 2000
MHP provided over $1.8 million in financing to help Valley CDC preserve 14 affordable units and construct 10 new affordable units in Northampton.
TYPE: Preservation/new construction
WHERE: 18, 34 and 79 Michelman Avenue, Northampton.
WHAT: The preservation of 14 existing rental units and new construction of 10 units on an adjacent lot.
AFFORDABILITY: All affordable at 60 percent AMI.
MHP FINANCING: A $358,500 first mortgage and a $1.45 million second mortgage.
RENTAL INFORMATION: Valley Community Development Corporation, 413-586-5855.