Sponsor: NeighborWorks Southern Massachusetts
Loan Approved: March 25, 2011
MHP committed $997,000 in permanent rental financing to help NeighborWorks Southern Massachusetts construct 24 units of affordable rental housing in Quincy.
TYPE: New construction.
WHERE: 45 Winter Street, Quincy.
WHAT: The new construction of 24 affordable rental units.
AFFORDABILITY: All of the units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $997,000.