Developments > Somerville 100 Homes Initiative Line of Credit
A line of credit to make funds available to SCC to quickly acquire and remodel multi-family units in Somerville before the permanent and city financing are funded.
Somerville 100 Homes Initiative Line of Credit
Project at a Glance:
Location:
Somerville
Development Type:
Rental
MHIC Financing:
$10,887,910 in debt financing
Sponsor:
Somerville Community Corporation
Number of Units:
13
A line of credit to make funds available to SCC to quickly acquire and remodel multi-family units in Somerville before the permanent and city financing are funded.