MassHousing announced that it is providing $16.3 million in affordable housing financing to Pennrose, LLC for the development of the 49-unit Littleton Drive (family) and the 44-unit Littleton Drive (senior), which will create 93 new affordable apartment homes for families and seniors in Wareham, MA. MassHousing is supporting the development of Littleton Drive Family and Senior with $8.4 million in permanent financing, $6.6 million in bridge loan financing, $1 million from the Agency’s Workforce Housing Initiative and $250,000 in Capital Magnet Fund financing.
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