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Salem: 135 Lafayette

Sponsor: Planning Office for Urban Affairs

Mhp Salem 3

Loan Approved: May 31, 2011

MHP committed over $2.4 million to help the Planning Office for Urban Affairs (POUA) create 51 new units of affordable rental housing on the site of the former St. Joseph's Church.

TYPE: New construction.

WHERE: 135 Lafayette Street, Salem.

WHAT: The new construction of 51 affordable rental units.

AFFORDABILITY: All units will be affordable at 60 percent AMI.

MHP FINANCING: A permanent first mortgage of $2.4 million.

RENTAL INFORMATION: Peabody Properties, 781-794-1000.


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