Sponsor: Hilltown Community Development Corporation
Loan Approved: January 29, 1999
MHP committed $184,000 in financing to help Hilltown CDC acquire and renovate six units of affordable housing in Williamsburg.
TYPE: Rehab
WHERE: 12 Williams Street in Williamsburg
WHAT: Permanent financing and lead paint subsidy for the acquisition and renovation of six affordable rental units, including one one-bedroom, four two-bedroom, and one three-bedroom units.
AFFORDABILITY: Four of the units are affordable to residents earning up to 80 percent of the area median income.
MHP FINANCING: MHP committed $122,250 in mortgage financing plus a deferred-payment second mortgage loan $62,031 for lead paint abatement.
RENTAL INFORMATION: Hilltown CDC, 413-296-4536.