MassHousing has closed on $7.55 million in affordable housing financing for the Affordable Housing and Services Collaborative (AHSC) to support the acquisition and renovation of Prospect Estates, a 25-unit affordable housing property in Webster, Massachusetts.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,550,000
• Units: 25
• Address: 10 Prospect Street, Webster, MA
• Market: Webster, MA

The lender for this transaction was Chrystal Kornegay from MassHousing. She provided the affordable housing financing for the acquisition and renovation of Prospect Estates. The landlord, Michael J. Mattos, represents the Affordable Housing and Services Collaborative (AHSC) in this deal.