Preservation of Affordable Housing, Inc.
Loan Approved: April 9, 2021
POAH refinanced 274 affordable and 7 market-rate apartments in Salem with a $32.1 million loan.
TYPE: Preservation
WHERE: 12 Pope St., Salem
WHAT: The preservation of 274 affordable apartments
AFFORDABILITY: 274 affordable units at or below 60% AMI
MHP FINANCING: MHP is providing a $32.1 million loan through the Fannie Mae Multifamily Affordable Housing program