Sponsor: Homeowners Rehab, Inc.
Loan Approved: July 26, 1996
MHP committed $1.56 million to help Homeowners Rehab, Inc. acquire and rehabilitate 52 rental units in Cambridge.
TYPE: Rehabilitation.
WHAT: The acquisition and rehabilitation of 52 rental units.
AFFORDABILITY: 11 units will be affordable to residents earning at or below 50 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage loan of $1,560,000.