Developments > Richards Apartments
This project involves acquisition, renovation and preservation of an expiring use property, originally built in 1973 with HUD 236 financing. The property is an apartment complex comprised of 3 buildings containing 54 housing units in the south central Massachusetts Town of Webster. MHIC made this construction loan in 2001.
Richards Apartments
Project at a Glance:
Location:
Webster
Development Type:
Rental
MHIC Financing:
$1,977,800 in debt financing
Sponsor:
Winn Development
Number of Units:
54
This project involves acquisition, renovation and preservation of an expiring use property, originally built in 1973 with HUD 236 financing. The property is an apartment complex comprised of 3 buildings containing 54 housing units in the south central Massachusetts Town of Webster. MHIC made this construction loan in 2001.