Developments > Meadowbrook Apartments
Residents of Meadowbrook Apartments in Northampton don’t have to worry about losing their homes anymore, due to the tireless efforts of Northampton Mayor Clare Higgins and the Preservation of Affordable Housing (POAH) to save the complex. Originally developed in 1975 under federal Section 236, this project was eligible for prepayment and at risk of becoming market-rate apartments. To prevent that from happening, the Mayor, housing organizations and residents teamed up and MHIC provided a $6.5 million equity investment. POAH acquired Meadowbrook and has substantially renovated the apartments.
Meadowbrook Apartments
Project at a Glance:
Location:
Northampton
Development Type:
Rental
Project Type:
Acquisition and rehabilitation
MHIC Financing:
$6,568,164 in LIHTC financing
Sponsor:
Preservation of Affordable Housing
Number of Units:
252
Date Completed:
9/30/2005
Residents of Meadowbrook Apartments in Northampton don’t have to worry about losing their homes anymore, due to the tireless efforts of Northampton Mayor Clare Higgins and the Preservation of Affordable Housing (POAH) to save the complex. Originally developed in 1975 under federal Section 236, this project was eligible for prepayment and at risk of becoming market-rate apartments. To prevent that from happening, the Mayor, housing organizations and residents teamed up and MHIC provided a $6.5 million equity investment. POAH acquired Meadowbrook and has substantially renovated the apartments.