Virginia Blanchard Memorial Housing Association
Loan Approved: July 3, 2018
MHP committed $250,000 for a permanent first mortgage loan to the Virginia Blanchard Memorial Housing Association for adaptive reuse of a former school building and and new construction of an addition to create 25 residential rental units with 35 parking spaces, a community room, and a playground.
TYPE: New construction, Adaptive reuse
WHERE: 65 Hartford Avenue, Uxbridge
WHAT: 25 apartment units in a former school building and a new addition.
AFFORDABILITY: At least 10 units will be affordable to households at or below 60 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage loan of $250,000.