North Shore CDC
Loan Approved: May 12, 2021
Forty-six affordable studio, one-, two-, and three-bedroom apartments within two buildings in downtown Salem. The apartments are incorporated into the Punto Urban Art Museum, a program of North Shore CDC, with both buildings featuring murals by world-renowned artists.
TYPE: New Construction
WHERE: 47 Leavitt St., Salem
WHAT: New construction of 46 affordable apartments
AFFORDABILITY: 46 affordable apartments at or below 60% AMI
MHP FINANCING: A $5.4 million permanent first mortgage loan
RENTAL INFORMATION: The Lighthouses on Housing Navigator