Sponsor: T & A Realty Trust
Loan Approved: June 9, 1995
MHP committed $552,500 in permanent rental financing to help T & A Realty Trust preserve 24 rental units in Salem.
TYPE: Preservation.
WHERE: 36-38 Boston Street; 191-193 Federal Street, Salem.
WHAT: The preservation of 24 rental units.
AFFORDABILITY: Five units will be affordable to residents earning at or below 50 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage loan of $552,500.