AHSC, Inc. Receives Critical Approval For Middlebury Arms

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FOR IMMEDIATE RELEASE: Affordable Housing and Services Collaborative, Inc. (AHSC) receives another critical approval necessary to make its proposed acquisition and renovation of Middlebury Arms in Middleborough, MA feasible. Today, AHSC received notification from the U.S. Department of Housing and Urban Development’s (HUD) Office of Affordable Housing Preservation (OAHP) that it has approved its application for pre-payment, and its request to decouple the existing Interest Reduction Payments (IRP) and continue the IRP subsidy for the remaining term until March, 2018.  “This is a significant project milestone in making the preservation and renovation of Middlebury Arms a reality. We truly appreciate HUD’s assistance” said AHSC’s executive director Michael Mattos.