MassHousing Provides $5.2M Loan For Affordable Housing Development In Feeding Hills, MA

The development site located at 586 Mill Street in Feeding Hills, MA is the subject of a recent loan transaction. The lender, MassHousing, has granted a loan amount of $5,200,000 to Way Finders, a non-profit organization. The loan is intended for the development of the Rosewood Way Townhomes, a 62-unit affordable housing project in Agawam.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,200,000
• Address: 586 Mill Street, Feeding Hills, MA
• Market: Feeding Hills, MA
• Lender: MassHousing
• Lender's Representative: Chrystal Kornegay
• Landlord: Way Finders
• Landlord's Representative: Keith Fairey

MassHousing, led by Chrystal Kornegay, has provided the financing for the development project. The goal of the Rosewood Way Townhomes is to provide affordable housing options for families with diverse incomes in the area, addressing the housing needs of the community. Way Finders, represented by Keith Fairey, will oversee the development of the project and ensure its successful completion.