Sponsor: First Resources Development Company
Loan Approved: March 25, 2010
MHP committed $1.8 million to help the First Resources Development Company substantially rehabilitate 152 units in Springfield.
TYPE: Preservation.
WHERE: 916 Worthington Street, Springfield.
WHAT: The substantial rehabilitation of 152 apartments in four scattered-site buildings.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $1.8 million.
RENTAL INFORMATION: First Resource Management Co.