We’re proud to share that the 840-846 Massachusetts Avenue NOAH loan in Arlington, MA has officially closed! MHIC, through its Regional NOAH Acquisition Financing Program, provided $14.7 million to support the purchase of 59 market-rate rental units across three buildings in Arlington.
This significant acquisition was made possible by the incredible two-year effort of the Housing Corporation of Arlington (HCA). This financing will ensure that current residents remain housed and funding for immediate critical repairs is supplied. Additionally, this loan will allow HCA to prepare for the permanent preservation of the property’s affordability.
We’re honored to support our partners in expanding affordable housing opportunities and keeping communities stable and strong.
MHIC Closes $14.7 Million Acquisition Loan
Image
