Sponsor: Main South Community Development Corporation
Loan Approved: October 29, 1999
MHP committed $723,150 to help Main South CDC rehab 25 and create nine new affordable units in Worcester.
TYPE: Rehabilitation & new
WHERE: 24, 34, 40-42, 56, 58, 60 Oread Street and 140 Beacon Street, Worcester
WHAT:Renovation of 25 units plus new construction of nine units on previously distressed lots.
AFFORDABILITY: All at or below 60 percent of the area median income (AMI).
MHP FINANCING: $723,000 first mortgage.
RENTAL INFORMATION: Main South CDC, 508-752-6181.