Sponsor: Worcester Common Ground
Loan Approved: February 28, 2012
MHP committed $751,629 in financing to help Worcester Common Ground preserve 20 units of affordable rental housing in Worcester.
TYPE: Preservation.
WHERE: 84,109 & 115 Piedmont Street; 136 Austin Street; 7-11 Bellevue Street and 3 Bancroft Street, Worcester.
WHAT: The substantial renovation of six buildings with 20 affordable rental units.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $751,629.
RENTAL INFORMATION: Worcester Common Ground, 508-754-0908.