Sponsor: South Middlesex Opportunity Council
Loan Approved: September 10, 1993
MHP committed $1,095,900 in permanent rental financing to help South Middlesex Opportunity Council acquire and rehabilitate 65 rental units in Northbridge.
TYPE: Rehabilitation.
WHERE: 46 Plantation Street, Northbridge.
WHAT: Acquisition/rehab of 65 rental units.
AFFORDABILITY: 57 units at or below 60 percent of the area median income (AMI).
MHP FINANCING: $1 million first mortgage.
REFINANCE: This project was refinanced in 2002 with a $1,034,016 permanent first mortgage.