Community Housing Resource, Inc.
Loan Approved: July 25, 2011
MHP committed over $1.2 million to help Community Housing Resource, Inc. refinance and rehabilitate a former rooming house into 15 units of affordable housing in Provincetown.
TYPE: Preservation
WHERE: 83 Shank Painter Road, Provincetown.
WHAT: The refinance and moderate rehabilitation of an existing room house into 15 affordable rental units.
AFFORDABILITY: All affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage loan of $795,000 first mortgage and a deferred payment second mortgage of $450,000.
RENTAL INFORMATION: Community Housing Resources, Inc., 508-487-2426