Developments > Bishop Allen Apartments
MHIC participated (36%) in an acquisition loan, led by CEDAC, for preservation of an expiring-use family rental project in Central Square. The project consists of four, 4-story walk-up buildings, all built around 1900.
Bishop Allen Apartments
Project at a Glance:
Location:
Cambridge
Development Type:
Rental
Project Type:
Acquisition/preservation
MHIC Financing:
$1,550,000 in debt financing, $3,728,623 in LIHTC financing
Sponsor:
Just-A-Start Corporation
Number of Units:
32
MHIC participated (36%) in an acquisition loan, led by CEDAC, for preservation of an expiring-use family rental project in Central Square. The project consists of four, 4-story walk-up buildings, all built around 1900.