Sponsor: Princeton Properties
Loan Approved: February 28, 2012
MHP committed over $24.9 million in bond financing to help Princeton Properties construct 200 new rental apartments in Westford.
TYPE: New construction.
WHERE: 16 Littleton Drive, Westford.
WHAT: The new construction of 200 units.
AFFORDABILITY: 40 units are affordable at 50 percent AMI.
MHP FINANCING: $24.9 million in tax-exempt bond financing through a partnership with MassHousing.
RENTAL INFORMATION: Princeton Properties Management Inc., 866-979-8598.