METRO NORTH HOUSING CORP, IN COLLABORATION WITH BREAD OF LIFE, INC, FINANCES THE ACQUISITION AND FINANCING OF A MULTIFAMILY AFFORDABLE HOUSING PROJECT AND FOOD  PANTRY IN MALDEN

Congratulations to Metro North Housing Corp. in closing the financing of Unit 2 of the 54 Eastern Malden Condominium Trust, which will finance the construction of a multifamily affordable housing project at 54 Eastern Avenue in Malden. Through financing from Eastern Bank and several public lenders, Unit 2 of the Eastern Malden Condominium Trust will create 14 units of affordable housing for formerly homeless and extremely low income residents, while Bread of Life, Inc. will operate Unit 1 as a food pantry to combat food insecurity in the city of Malden.

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