Sponsor: HAP, Inc.
Loan Approved: July 18, 1997
MHP committed $375,000 in permanent rental financing to help HAP, Inc. construct 33 new rental units in Springfield.
TYPE: New.
WHERE: 108, 114-118, and 120-130 Byers Street and 103 Pearl Street, Springfield.
WHAT: The construction of 33 new rental units.
AFFORDABILITY: 29 of the rental units will be affordable to residents earning up to 60 percent of the area median income (AMI) and four units will be affordable to residents earning up to 50 percent AMI.
MHP FINANCING: MHP committed $375,000 in permanent rental financing.