Sponsor: Lawrence Community Works
Loan Approved: April 10, 2013
MHP committed $460,000 in financing to help Lawrence Community Works create 18 new units of affordable rental housing in Lawrence.
TYPE: New construction.
WHERE: 108 and 127-131 Newbury Street, Lawrence.
WHAT: The new construction of 18 residential rental units in a four-story building.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $460,000.
RENTAL INFORMATION: First Realty Management, 617-423-7000