Equitable Reading Housing
Loan Approved: July 5, 2018
MHP committed to a $3.4 million permanent first mortgage loan to help Equitable Reading Housing for an adaptive reuse project in a former school building to construct 20 residential rental units.
TYPE: Adaptive reuse.
WHERE: 172-180 Woburn Street, Reading.
WHAT: The adaptive reuse of a former school building into 20 residential rental units.
AFFORDABILITY: At least 4 units will be affordable at 50 percent AMI.
MHP FINANCING: A permanent first mortgage of $3.4 million.