Greater Lawrence Community Action Council
Loan Approved: November 3, 2020
The adaptive reuse of a vacant 5-story masonry building with a 5-story wood addition to create 39 affordable apartments.
TYPE: New. Adaptive re-use
WHERE: 370 Essex St., Lawrence
WHAT: New construction of 39 apartments
AFFORDABILITY: 14 one-, 20 two- and 5 three bedroom unit at or below 60% AMI
MHP FINANCING: A $3.4 million permanent first mortgage loan