Sponsor: Douglas A. King Builders
Loan Approved: May 27, 2014
MHP committed $4.7 million in permanent rental financing to help Douglas A. King Builders preserve 91 rental units in Raynham.
TYPE: Preservation
WHERE: One Meadow Drive, Raynham.
WHAT: The preservation of 91 residential rental units in 12 two-story buildings and a single-family house.
AFFORDABILITY: 24 units affordable at 80 percent AMI.
MHP FINANCING: A $4,795,000 first mortgage.
RENTAL INFORMATION: Douglas A. King Management Corporation, (508) 880-3727.