Sponsor: Worcester Common Ground
Loan Approved: April 22, 2002
MHP provided $434,389 to help Worcester Common Ground reuse a previously abandoned building into five new affordable units in Worcester.
TYPE: Adaptive reuse
WHERE: 133 Chandler Street, Worcester.
WHAT: The adaptive reuse of an abandoned brick building in to five new affordable apartments.
AFFORDABILITY: All affordable at 60 percent AMI.
MHP FINANCING: A $215,000 first mortgage and a $219,389 second mortgage.
RENTAL INFORMATION: Worcester Common Ground, 508-754-0908.