Sponsor: Preservation of Affordable Housing (POAH)
Loan Approved: October 27, 2009
MHP committed $940,000 in financing to help Preservation of Affordable Housing (POAH) construct 18 units of affordable rental housing in Weymouth.
TYPE: New construction.
WHERE: 679 Pond Street, Weymouth.
WHAT: The new construction of 18 affordable rental units.
AFFORDABILITY: All units affordable at 60 percent AMI; five units affordable at 30 percent AMI.
MHP FINANCING: A $690,000 first mortgage and a $250,000 Home Funders second mortgage.
RENTAL INFORMATION: Torrey Woods, 781-986-7831.