Sponsor: Rogerson Communities, Inc.
Loan Approved: August 11, 2009
MHP committed $500,000 in permanent rental financing to help non-profit developer Rogerson Communities refinance 48 affordable rental units in the Beacon Hill neighborhood of Boston.
TYPE: Preservation.
WHERE: 60 Joy Street, Boston.
WHAT: The preservation of 48 affordable rental units.
AFFORDABILITY: All units are affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $500,000.
RENTAL INFORMATION: Rogerson Communities, 617-469-5800.