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Brockton: Pine Homes refinance

Beacon Communities

Pine Homes

Loan Approved: June 30, 2020

MHP used the FHA MAP program for the refinance and preservation of 114 affordable apartments.

TYPE: Preservation, rehab.

WHERE: 73 Reservoir Street in Brockton.

WHAT: The rehabilitation and preservation of 114 units in 14 buildings.

AFFORDABILITY: 96 two- and 18 three-bedroom apartments, 90 of which are affordable at or below 60% AMI

MHP FINANCING: $11.3 million in first mortgage financing through the FHA MAP program.

RENTAL INFORMATION: Beacon Communities, 617-574-1100.

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