Sponsor: Community Housing Resources, Inc.
Loan Approved: July 24, 2012
MHP committed over $1.9 million in financing to help non-profit developer Community Housing Resources, Inc. construct 16 affordable rental units in Truro.
TYPE: New construction.
WHERE: Sally's Way, Truro.
WHAT: The new construction of 16 rental units on 10.6 acres of town-owned land.
AFFORDABILITY: All units will be affordable at 80 percent AMI.
MHP FINANCING: A $1,248,500 permanent first mortgage and a $750,000 Neighborhood Rental Initiative (NRI) subsidy loan.
RENTAL INFORMATION: Community Housing Resources, Inc., 508-487-2426.
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