Sponsor: Stow Community/Elderly Housing Corporation
Loan Approved: October 21, 2004
MHP committed over $2.97 million in permanent first mortgage financing to help preserve the affordability of 50 elderly housing units in Stow.
TYPE: Preservation
WHERE: 22 Johnston Way, Stow.
WHAT: The preservation of 50 apartments for elderly residents.
AFFORDABILITY: All units affordable at 50 percent AMI.
MHP FINANCING: A $2,976,648 first mortgage.
RENTAL INFORMATION: The Community Builders, 978-897-44040