Sponsors: Rees-Larkin Development LLC & Berkshire Housing Development Corp.
Loan Approved: October 28, 2014
MHP committed $2.5 million in first mortgage financing to help Rees-Larkin Development LLC and Berkshire Housing Development Corporation acquire and rehab 100 affordable rental units in Pittsfield.
TYPE: Preservation
WHERE: 40-142 April Lane, Pittsfield.
WHAT: Acquisition & rehab of100 residential rental units in 11 buildings.
AFFORDABILITY: All units affordable to residents earning at or below 60 percent AMI.
MHP FINANCING: A $2.5 million first mortgage.
RENTAL INFORMATION: Berkshire Housing Services, Inc., (413) 499-1630.