Developments > MacArthur Terrace
This is a Tier One Project as regards Risk of Loss to Market Conversion. It consists of 222 units consisting of one, two and three bedrooms. The resident population is family and elderly. MHIC used $6.8million in LIHTC financing for the acquisition, rehabilitation and preservation of this rental complex which would otherwise lose its affordability restrictions at the end of 2021.
MacArthur Terrace
Project at a Glance:
Location:
Chicopee
Development Type:
Rental
MHIC Financing:
$114,665 in debt financing, $7,144,042 in LIHTC financing
Sponsor:
Dimeo Properties
Number of Units:
222
Date Completed:
12/23/2019
This is a Tier One Project as regards Risk of Loss to Market Conversion. It consists of 222 units consisting of one, two and three bedrooms. The resident population is family and elderly. MHIC used $6.8million in LIHTC financing for the acquisition, rehabilitation and preservation of this rental complex which would otherwise lose its affordability restrictions at the end of 2021.