Sponsor: Sudbury Housing Authority
Loan Approved: April 12, 2011
MHP committed over $1.79 million to help the Sudbury Housing Authority create 10 affordable housing units and preserve one existing unit. This development was completed in Nov. 2012.
TYPE: New/preservation.
WHERE: 41 and 56 Great Road, 11 Ford Road, 19 Greenwood Road and 10 Landham Road, Sudbury.
WHAT: The new construction of 10 units and the preservation of one existing unit.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A $1,034,000 permanent first mortgage and a $756,000 second mortgage from MHP's Neighborhood Rental Initiative (NRI) program.