Thanks to a $2.2 million MassHousing loan, Lincoln will be able to preserve some of its affordable housing.

Through the loan, the 125-unit Lincoln Woods community at 50 Wells Road in Lincoln will be purchased by nonprofit organization The Community Builders, according to a statement. The organization will be able to preserve the affordability of 73 of the apartments for another 30 years.

"The purchase of Lincoln Woods by The Community Builders will ensure that this valuable housing resource in Lincoln will remain affordable for many years to come," said MassHousing Executive Director Thomas R. Gleason.

Lincoln Woods, which is located on a 19.9 acre site, was sold by Lincoln Homes Corp. The development contains 40 one-bedroom apartments, 73 two-bedroom apartments and 12 three-bedroom apartments in 18 wood-frame buildings.

It represents a large percentage of the affordable housing in Lincoln, according to a statement.