Sponsor: Allston Brighton Community Development Corporation
Loan Approved: July 18, 2003
MHP provided over $3.3 million in financing to help Allston Brighton CDC construct 50 new affordable apartments in the Allston neighborhood of Boston.
TYPE: New construction
WHERE: 33 Everett Street, Boston.
WHAT: The new production of 50 rental apartments on the former site of Legal Sea Foods Company and Warehouse.
AFFORDABILITY: All affordable at 60 percent AMI.
MHP FINANCING: A $2, 763,170 first mortgage and a $550,000 Home Funders deferred-payment second mortgage.
RENTAL INFORMATION: Maloney Properties, 617-562-8156.