Sponsor: Main South Community Development Corporation
Loan Approved: February 13, 1997
MHP committed $285,000 in financing to help Main South CDC construct ten units of rental housing in Worcester.
TYPE: New.
WHERE: 6 Ripley Street, Worcester.
WHAT: New construction, 10 rental units.
AFFORDABILITY:Two at 50 percent of the area median income (AMI).
MHP FINANCING: $185,000 first mortgage, $100,000 second mortgage.