Congratulations to Eastern Bank in closing a $10.5MM loan for the benefit of Cabot Housing LLC, an affiliate of the Young Men’s Christian Association of the North Shore, Inc. Eastern Bank purchased tax exempt bonds from Massachusetts Development Finance Agency and made the proceeds from the sale of the bonds available to finance the acquisition and renovation of Cabot House in Beverly, Massachusetts. Cabot House will provide 67 affordable housing units for residents of the city of Beverly.
THE IPSWICH HOUSING AUTHORITY, IN A JOINT VENTURE WITH HARBORLIGHT COMMUNITY PARTNERS, INC., FINANCES THE RENOVATION OF AN FHA-INSURED MULTIFAMILY SUPPORTIVE AFFORDABLE HOUSING PROJECT FOR SENIORS AND FAMILIES IN IPSWICH
Congratulations to the Ipswich Housing Authority and Harborlight Community Partners, Inc. in closing the financing of Agawam Village, which will finance the renovation of a multifamily affordable housing project at 95 County Road a/k/a 2-52 Agawam Village in Ipswich....