Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > Chestnut Marlboro Grove

Chestnut Marlboro Grove



Project at a Glance:
Location:
Chelsea
Development Type:
Rental
MHIC Financing:
$1,804,607 in debt financing, $2,599,545 in LIHTC financing
Sponsor:
Commonwealth Land Trust
Number of Units:
43

MHIC’s financing in 1997 was used for acquisition and substantial rehabilitation of 4 buildings to create 43 apartment units for lower income families.