Fenway CDC
Loan Approved: April 15, 2022
MHP is providing a $3.92 million permanent loan from its bank-funded loan pool.
TYPE: New Construction
WHERE: 72 Burbank St., Boston
WHAT: New construction of 27 affordable studio, one-, and two-bedroom apartments. This is the first project to proceed under Boston's Compact Living Policy Pilot Program.
AFFORDABILITY: All affordable at or below 60% AMI
MHP FINANCING: A $3.92 million permanent first mortgage loan
RENTAL INFORMATION: Burbank Terrace on Housing Navigator