Sponsor: Affordable Housing and Services Collaborative, Inc.
Loan Approved: December 4, 2003
MHP provided $2.7 million in financing to help The Neighborhood Corporation convert an old mill into 64 affordable units.
TYPE: Adaptive reuse
WHERE: 120 Ingell Street, Taunton.
WHAT: The adaptive reuse of a former mill into 64 affordable apartments.
AFFORDABILITY: All affordable at 60 percent AMI; seven units affordable at 30 percent AMI.
MHP FINANCING: A $2.7 million first mortgage.
RENTAL INFORMATION: Peabody Properties, 508-823-2666.
REFINANCE: This project was refinanced in 2017 with a $4.22 million FHA Risk Share loan.