Sponsor: Beacon Communities
Loan Approved: September 23, 2010
MHP committed $1.865 million in permanent rental financing to help Beacon Communities rehabilitate and preserve 76 units of rental housing in Springfield.
TYPE: Preservation.
WHERE: 16-36 Cumberland Street and 1698-1750 Dwight Street, Springfield.
WHAT: The rehabilitation of 76 residential rental units in eight buildings.
AFFORDABILITY: 68 units will be designated as affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $1.865 million.
RENTAL INFOMATION: http://www.cumberlandhomesbc.com/