Sponsor: HAP, Inc.
Loan Approved: February 25, 2005
MHP committed $234,263 to help HAP, Inc. create 12 new units of housing in Northampton.
TYPE: New construction
WHERE: 155 West Street, Northampton.
WHAT: The new construction of 12 townhouse-style units on on land formerly owned by the Northampton Housing Authority.
AFFORDABILITY: All affordable at 50 percent AMI; five units affordable at 30 percent AMI.
MHP FINANCING: A $100,000 permanent first mortgage and a $134,263 deferred-payment second mortgage.
RENTAL INFORMATION: HAPHousing, (413) 233-1700.