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Haverhill: The Gerson Building

Sponsor: Coalition for a Better Acre


Loan Approved: July 5, 2018

MHP committed to a $2.7 million permanent first mortgage loan to help Coalition for a Better Acre (CBA) construct a four-story building with 44 residential rental units, 2,654 square feet of commercial space, and a community room.

TYPE: New.

WHERE: 181-215 Washington Street, Haverhill.

WHAT: The construction of 44 residential rental units in a four-story building, commercial space, a community room, and two offices.

AFFORDABILITY: At least 18 units will be affordable at 60 percent AMI.

MHP FINANCING: A $2.7 million permanent first mortgage.

MORE INFO: Grand opening news release

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