Sponsor: Better Homes, Inc.
Loan Approved: August 4, 2005
MHP committed $500,000 to help Better Homes, Inc. to preserve 88 affordable family-size units in Springfield.
TYPE: Preservation
WHERE: 12-42 Columbia Terrace; 390-396,405 & 415 Franklin Street; 9-63 Nursery Street, Springfield.
WHAT: The preservation of 88 affordable units.
AFFORDABILITY: All affordable at 60 percent AMI.
MHP FINANCING: A $500,000 first mortgage.
RENTAL INFORMATION: Home City Housing Development Corp., 413-785-5312.