Sponsor: Community Housing Resources, Inc.
Loan Approved: April 23, 2003
MHP provided $684,000 in financing to help Community Housing Resources, Inc. construct six affordable apartments in Provincetown.
TYPE: New construction
WHERE: 40A Nelson Avenue, Provincetown.
WHAT: The new construction of six affordable units located within one mile of the downtown commercial district.
AFFORDABILITY: All affordable at 50 percent AMI.
MHP FINANCING: A $280,000 first mortgage and a $404,000 deferred-payment second mortgage.
RENTAL INFORMATION: Community Housing Resources, Inc., 508-487-2426.