Sponsor: WinnDevelopment
Loan Approved: May 20, 2016
MHP committed $500,000 to help WinnDevelopment convert a former factory into 75 rental units in Ludlow.
WHERE: 68 State Street, Ludlow.
WHAT: The adaptive reuse of a former factory into 75 residential rental units for tenants 55 years and older.
AFFORDABILITY: Of the 75 units, 66 will be affordable at or below 60 percent AMI.
MHP FINANCING: $500,000 in first mortgage financing
RENTAL INFORMATION: WinnDevelopment, 617-742-4500