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Waterworks II

FHA HFA Risk Sharing (542c)

Endorsed November 29, 2023

FHA #02398480

Deal Details

Location
Somerville, Massachusetts
Mortgage Amount
$4.0M
Units
21
Program
HFA Risk Sharing (542c)
Lender
MASSACHUSETTS HFA
Fiscal Year
FY2024
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$4.0M
Interest Rate
5.68%
Maturity
November 2065(40 years remaining)
Original Term
40 years
Holder
MASSHOUSING
Servicer
MASSHOUSING

Source: HUD BF90 Active Insured Mortgages · Data as of February 2026

Data Sources

Endorsement data: HUD FHA Multifamily Firm Commitments and Endorsements Database

Active loan data: HUD BF90 Active Insured Mortgages, as of February 2026

hud.gov multifamily data

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