Developments > Baker Street
The Foxborough Housing Authority (FHA) used MHIC’s $2.7 million construction financing to develop 20 units of affordable housing on two parcels previously owned by the Commonwealth of Massachusetts as part of the Foxborough State Hospital. The FHA used the state’s Chapter 40B Comprehensive Permit process to fast track the approval and development process. In addition to renovating a single family house as a two-family house, the FHA constructed 18 new modular units, each with a private entrance and rear patio.
Baker Street
Project at a Glance:
Location:
Foxborough
Development Type:
Rental
Project Type:
Renovation and new construction
MHIC Financing:
$2,680,000 in debt financing
Sponsor:
Foxborough Housing Authority
Number of Units:
20
The Foxborough Housing Authority (FHA) used MHIC’s $2.7 million construction financing to develop 20 units of affordable housing on two parcels previously owned by the Commonwealth of Massachusetts as part of the Foxborough State Hospital. The FHA used the state’s Chapter 40B Comprehensive Permit process to fast track the approval and development process. In addition to renovating a single family house as a two-family house, the FHA constructed 18 new modular units, each with a private entrance and rear patio.