Sponsor: Deborah D'Alessandro
Loan Approved: August 15, 2000
MHP provided $427,500 in financing to help Deborah D'Alessandro preserve 10 apartments in the Point neighborhood of Salem.
TYPE: Preservation
WHERE: 68-72 Palmer Street, Salem.
WHAT: The preservation of 10 apartments.
AFFORDABILITY: Of the 10 units, four of the units are affordable at 50 percent AMI.
MHP FINANCING: A $382,500 first mortgage and a $45,0000 deferred-payment second mortgage.
RENTAL INFORMATION: Richard D'Alessandro, (978) 740-3191.