Sponsor: Common Ground Development Corporation
Loan Approved: March 11, 2016
MHP committed $2,090,000 to help Common Ground Development Corp. construct 36 new units of affordable rental housing in Westford.
TYPE: New construction
WHERE: 1-37 Coakley Circle in Westford.
WHAT: The new construction of 36 rental units.
AFFORDABILITY: All affordable at 60 or below 60 percent AMI.
MHP FINANCING: A $2,090,000 first mortgage.
RENTAL INFORMATION: Peabody Properties, Inc., (781) 797-1000