Sponsor: Valley Management, Inc.
Loan Approved: July 18, 2002
MHP provided $388,000 in financing to help Valley Management, Inc. create 36 affordable units in the Lower Liberty neighborhood of Springfield.
TYPE: New construction
WHERE: 258-284 Franklin Street, Springfield.
WHAT: The new construction of 36 affordable apartments.
AFFORDABILITY: All affordable at 60 percent AMI.
MHP FINANCING: A $388,000 first mortgage.
ADDITIONAL SUPPORT: MHP also provided the City of Springfield sustained early technical assistance that helped provide a plan to rebuild this neighborhood.
RENTAL INFORMATION: Valley Real Estate, 413-732-4111.