Sponsor: Caritas Communities
Loan Approved: January 21, 2000
MHP provided $1.94 million in financing to help Caritas Communities preserve 61 single room occupancy (SRO) units in the Allston neighborhood of Boston.
TYPE: Preservation
WHERE: 1202 Commonwealth Avenue, Boston.
WHAT: The preservation of a 60 single room occupancy (SRO) units.
AFFORDABILITY: All affordable at 60 percent AMI.
MHP FINANCING: A $1.44 million first mortgage and a $500,000 deferred-payment second mortgage.
RENTAL INFORMATION: Caritas Communities, 781-843-1242.