Sponsor: Main South Community Development Corporation
Loan Approved: June 7, 1996
MHP committed $575,000 in permanent rental financing to help Main South CDC preserve 23 rental/condominium units in Worcester.
TYPE: Preservation/rehab
WHERE: 898 Main Street, Worcester.
WHAT: Stabilization of 18 condos and five rental units.
AFFORDABILITY:Five rental units at or below 50 percent of the area median income (AMI).
MHP FINANCING: $575,000 first mortgage.