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Haverhill: Tenney Place Apartments, Phase II

Dakota Partners

Tenney Place Haverhill

Loan Approved: July 5, 2018

MHP committed to a $3.8 million permanent first mortgage loan to help Dakota Partners in the second phase of the Tenney Place Apartment project to construct two buildings with 72 new residential rental units and a community room.

TYPE: New construction.

WHERE: 503 West Lowell Avenue, Haverhill.

WHAT: The new construction of 72 residential rental units in two buildings.

AFFORDABILITY: Of the 72 units, at least 29 will be affordable to renters earning at or below 60 percent AMI.

MHP FINANCING: A $3.8 million first mortgage.

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