Developments > The Cushing Companies/The Community Builders
MHIC's financing was used for acquisition and rehabilitation of properties in Lawrence, Methuen, Fall River and New Bedford. The properties consist of 22 buildings containing a total of 120 units; the project represents a large-scale neighborhood revitalization effort spanning over three LIHTC application periods (1997-1999). A portion of this loan was sold to The Community Builders.
The Cushing Companies/The Community Builders
Project at a Glance:
Location:
Fall River, Lawrence, Methuen
Development Type:
Rental
Project Type:
Rehabilitation
MHIC Financing:
$3,086,210 in debt financing
Sponsor:
The Community Builders
Number of Units:
22
MHIC's financing was used for acquisition and rehabilitation of properties in Lawrence, Methuen, Fall River and New Bedford. The properties consist of 22 buildings containing a total of 120 units; the project represents a large-scale neighborhood revitalization effort spanning over three LIHTC application periods (1997-1999). A portion of this loan was sold to The Community Builders.