Somerville Community Corporation
Loan Approved: June 9, 2020
Somerville Community Corporation refinanced 12 deeply affordable apartments with a $1.8 million loan from MHP's bank-funded loan pool.
TYPE: Preservation
WHERE: 110 Walnut St., Somerville
WHAT: Refinancing of 12 apartments
AFFORDABILITY: All affordable at or below 30% AMI
MHP FINANCING: MHP is providing a $1.8 million loan to preserve the affordability of 12 units