First-time buyer? Check out ONE Mortgage

Auburn: Mary D. Stone School Apartments


Mary D Stone School Apartments

Loan Approved: July 29, 2020

MHP is providing $1.8M in long-term financing to support the revitalization of the historic Mary D. Stone School. Pennrose is developing the site with a Ch. 40B comprehensive permit.

TYPE: New. Adaptive re-use

WHERE: 10 Church St., Auburn

WHAT: New construction of 55 mixed-income apartments for seniors

AFFORDABILITY: 45 units affordable at or below 60% AMI

MHP FINANCING: A $1.8 million permanent first mortgage loan

MORE INFO: News release

Back to Portfolio