Sponsor: Main South Community Development Corporation
Loan Approved: December 1, 1997
MHP committed $400,000 in permanent rental financing to help Main South CDC acquire and preserve 21 affordable rental units in Worcester.
TYPE: Preservation.
WHERE: 1-3 Freeland Street and 979-985 Main Street, Worcester.
WHAT: Acquisition of 21 rental units.
AFFORDABILITY: All at or below 60 percent of the area median income (AMI).
MHP FINANCING: $400,000 first mortgage.
RENTAL INFORMATION: Main South CDC, 508-752-6181.