Sponsor: Beacon Communities
Loan Approved: June 10, 2008
MHP committed over $12.5 million to help Beacon Communities create 75 units of housing in Sharon.
TYPE: Adaptive reuse/new construction.
WHERE: 75 South Main Street, Sharon.
WHAT: The adaptive reuse of an old school building into 31 housing units and the addition of 44 new units in an attached building.
AFFORDABILITY: 22 units are affordable at 80 percent AMI.
MHP FINANCING: A permanent first mortgage of $12,532,712.
RENTAL INFORMATION: Beacon Residential, 617-574-1100