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MassHousing Preserves Affordable Housing in Fitchburg and Northampton
Owners of 140-unit Joseph’s House in Fitchburg and 86-unit St. Michael’s House in Northampton will seek to extend affordability for longest terms possible. BOSTON, MA - August 5, 2009 - (RealEstateRama) -- MassHousing announced loan commitments today of up to $6.8 million to preserve affordability at Joseph’s House in Fitchburg and up to $5.4 million to preserve affordability at St. Michael’s House in Northampton. O’Connell Senior Living LLC of Holyoke and SHPMa LLC, the owners of the apartment communities for low-income families, will seek to extend Section 8 contracts at Joseph’s House and St. Michael’s House for the longest terms possible.