Sponsor: The Community Builders Inc.
Loan Approved: September 23, 2010
MHP committed over $1.5 million in financing to help The Community Builders create 50 units of affordable senior housing in Provincetown.
TYPE: New construction.
WHERE: 90 Shank Painter Road, Provincetown.
WHAT: The new construction of 50 rental units.
AFFORDABILITY: All of the units will be affordable at 80 percent AMI.
MHP FINANCING: A permanent first mortgage of $1,500,497.