Sponsor: Harborlight Community Partners
Loan Approved: June 11, 2019
MHP provided technical assistance and a permanent loan to support six deeply affordable downtown apartments near jobs and transit.
TYPE: New construction
WHERE: 2 Hardy St., Beverly
WHAT: 6 new apartments on land provided through city's inclusionary zoning bylaw
AFFORDABILITY: All apartments are affordable to households at or below 30% of area median income.
MHP FINANCING: $775,000 permanent financing from its $1.2 billion bank-funded loan pool.
MORE INFO: News release