Sponsor: First Resource Management Company
Loan Approved: March 11, 2004
MHP provided $750,000 in financing to help First Resource Management Co. preserve 55 affordable apartments in Springfield.
TYPE: Preservation
WHERE: 38-44, 53-55 and 65-69 High Street, Springfield.
WHAT: The substantial renovation of 55 abandoned housing units into permanent affordable housing.
AFFORDABILITY: All affordable at 60 percent AMI.
MHP FINANCING: A $750,000 first mortgage.
MORE INFO: First Resource Management Co., 781-659-0026.