Sponsor: Michael Interbartolo Jr. and Joseph Ricupero
Loan Approved: September 16, 1994
MHP committed $610,000 in permanent rental financing to help private developers Michael Interbartolo Jr. and Joseph Ricupero acquire three single family homes and convert them into 12 rental units for low-income clients of the Department of Mental Health.
TYPE: Rehabilitation.
WHERE: Danvers, Georgetown, and Peabody.
WHAT: The acquisition of three single-family homes in 12 affordable rental units for low-income clients of the Department of Mental Health.
MHP FINANCING: A permanent first loan of $610,000.