MassHousing announced that it closed on $7.55 million in affordable housing financing to  (AHSC) for the acquisition and renovation of the 25-unit Prospect Estates in Webster. AHSC plans more than $6.5 million in property improvements. MassHousing is providing AHSC with $6.9 million in LIHTC bridge loan financing and $650,000 in permanent and construction financing. Additional funding includes $6.1 million in Federal and State LIHTC financing allocated by the  (EOHLC), $1.5 million in direct support from EOHLC, approximately $1.9 million in State and Federal Historic Tax Credits, a $1.6 million seller note and $1 million from the , which MassHousing manages on behalf of EOHLC. The  (MHIC) is the tax credit syndicator and investor.