Sponsor: Worcester Common Ground
Loan Approved: May 19, 2005
MHP provided $880,000 in financing to help Worcester Common Ground create six affordable units in Worcester.
TYPE: Adaptive reuse
WHERE: 300-302 Pleasant Street, Worcester.
WHAT: The adaptive reuse of vacant space located above a small grocery store into six affordable rental apartments.
AFFORDABILITY: All affordable at 60 percent AMI.
MHP FINANCING: A $430,000 first mortgage loan and $450,000 deferred-payment second mortgage loan.
RENTAL INFORMATION: Worcester Common Ground, 508-754-0908.