Sponsor: South Worcester Neighborhood Improvement Corporation (SWNIC) and Randy Johnson and Gerald Horne of J & J StepOne Architects
Loan Approved: August 26, 2009
The Massachusetts Housing Partnership recently committed $500,000 in permanent rental financing to help SWNIC and Randy Johnson and Gerald Horne of H & J StepOne Architects construct 25 units of affordable rental housing in Worcester.
TYPE: New construction.
WHERE: 73-79 Southgate Street and 142-146 Grand Street, Worcester.
WHAT: New construction of 25 affordable rental units on the site of a former lumberyard.
AFFORDABILITY: All affordable at 60 percent AMI.
MHP FINANCING: A $500,000 first mortgage.