HOPE PARTNERSHIP, INC. RECEIVES $1.4 MILLION IN FINANCING FOR SPENCER'S CORNER PROJECT
HOPE Partnership, Inc. is thrilled to announce a total of $1.4 million in financing for our Spencer’s Corner project in Centerbrook from the Federal Home Loan Bank of Boston Affordable Housing Program (AHP) and Essex Savings Bank. The financing is comprised of a $500,000 direct subsidy and $900,000 Capital Advance to provide both construction and permanent financing for the conversion of the second and third floors of the Spencer’s Corner property into 17 units of affordable