Sponsor: Hilltown Community Development Corporation
Loan Approved: September 29, 2004
MHP provided $696,685 in financing to help Hilltown CDC build seven new units of affordable senior housing in Westhampton.
TYPE: New construction
WHERE: 13 Main Road, Westhampton.
WHAT: The new construction of seven affordable apartments for seniors.
AFFORDABILITY: All affordable at 60 percent AMI.
MHP FINANCING: A $171,685 first mortgage and a $525,000 in a deferred-payment second mortgage.
RENTAL INFORMATION: Hilltown CDC, 413-296-4536.