Sponsor: Ed and Donald Holden
Loan Approved: April 13, 1998
MHP committed $377,000 in permanent rental financing to help private developers Ed and Donald Holden preserve a mix of 53 rental, condominium, and SRO units in Worcester.
TYPE: Preservation.
WHERE: 5 West Street, Worcester.
WHAT: Preservation of a mix of 53 rental, condominium, and SRO units.
AFFORDABILITY: Eleven at or below 50 percent of the area median income (AMI).
MHP FINANCING: $377,000 first mortgage.