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Chicopee: MacArthur Terrace

Dimeo Properties, Inc.

Mac Arthur Terrace Chicopee

Loan Approved: July 18, 2018

MHP has committed a $13.25 million permanent loan commitment to help Dimeo Properties, Inc. to preserve and rehabilitate 42 wood-frame, two-story garden and townhouse style residential buildings containing 222 units of housing in Chicopee.

TYPE: Preservation.

WHERE: 70 Broadway Street, Chicopee.

WHAT: The preservation and rehabilitation of 222 residential rental units.

AFFORDABILITY: All 222 rental units will be affordable, one third at or under 65% AMI, one quarter with Project-Based Section 8, and the remaining units with Section 8 mobile vouchers.

MHP FINANCING: A $13.25 million permanent loan commitment.

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