Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > I and R Group Homes II

I and R Group Homes II



Project at a Glance:
Location:
Danvers, Georgetown, Peabody
Development Type:
Rental
MHIC Financing:
$610,000 in debt financing
Sponsor:
Interbartolo and Ricupero
Number of Units:
12

MHIC provided financing in 1994 for rehabilitation of 12 units of housing in 3 group homes for special needs residents. These homes are leased by the developer to the Massachusetts Department of Mental Retardation.