The Community Builders (TCB)
Loan Approved: July 3, 2018
MHP committed to a $1.4 million permanent first mortgage loan to The Community Builders (TCB) for the construction of 50 residential rental units, a community building, a playground, and 124 parking spots.
TYPE: New.
WHERE: 1163 American Legion Highway, Westport.
WHAT: The new construction of 50 residential rental units.
AFFORDABILITY: At least 20 of the two rental units will be affordable for residents earning at or below 60 percent of the area median income (AMI).
MHP FINANCING: A $1.4 million permanent first mortgage loan.
MORE INFO: News release