HallKeen Management
Loan Approved: October 27, 2019
MHP is using the Treasury Risk Share program to provide a $1.9M permanent loan commitment to support the revitalization of two downtown properties into 35 mixed-income apartments.
TYPE: Adaptive re-use
WHERE: 516 Pleasant St. & 749 Purchase St., New Bedford
WHAT: Adaptive reuse of two four-story downtown buildings.
AFFORDABILITY: 35 mixed-income apartments - 15 market rate & 20 affordable.
MHP FINANCING: $1.9 million loan from Treasury Risk Share Program.