Sponsor: First Resource Management Company
Loan Approved: August 10, 2006
MHP committed $1.56 million to help First Resource Development Company preserve 149 units of affordable housing in Springfield.
TYPE: Preservation.
WHERE: 36 Summit Street, Springfield.
WHAT: The rehabilitation of 111 apartments in 10 buildings and the creation of 38 new units in two existing buildings that were previously vacant.
AFFORDABILITY: All units are affordable at 60 percent AMI.
MHP FINANCING: $1.56 million in a permanent first mortgage loan.
RENTAL INFORMATION: First Resource Management Company or 781-769-0900