Sponsor: Madden Property Management
Loan Approved: May 20, 1998
MHP committed $164,163 in permanent rental financing to help Madden Property Management preserve 22 SRO units in Quincy.
TYPE: Preservation.
WHERE: 50-56 Spear Street, Quincy.
WHAT: The preservation of 22 SRO units.
AFFORDABILITY: 13 units will be affordable to residents earning at or below 80 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage loan of $164,163.