Sponsor: YWCA of Greater Springfield
Loan Approved: June 5, 2009
MHP committed $620,0000 in financing to help the YWCA of Greater Springfield construct 28 units of affordable rental housing in Springfield.
TYPE: New construction.
WHERE: 1 Clough Street, Springfield.
WHAT: The new construction of 20 apartments and eight congregate housing units.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $320,000 and a Home Funders second mortgage of $300,000.