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Fall River: Hudner Building

Sponsor: Nebel Management Corp.

Hudner Building

Loan Approved: October 24, 2018

Using its Treasury Risk Share Program, MHP is providing a low-interest, $3.5 million 40-year fixed-rate loan for the preservation of the Hunder Building, a classic three-story brick building with 39 apartments for seniors 60 and older in downtown Fall River.

TYPE: Adaptive reuse.

WHERE: 105 Main Street, Fall River.

WHAT: Preservation of 39 mixed-income apartments for seniors.

AFFORDABILITY: At least eight units affordable to households at or below 50 percent of area median income.

MHP FINANCING: $3.5M million loan.

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