Sponsor: Commonwealth Land Trust, Inc.
Loan Approved: March 13, 1992
MHP committed $395,000 in permanent rental financing to help Commonwealth Land Trust, Inc. construct 17 new affordable SRO units in Dorchester.
TYPE: New.
WHERE: 123 Crawford Street, Boston (Dorchester).
WHAT: New construction of 17 affordable SRO units.
AFFORDABILITY: 13 units will be affordable to residents earning at or below 80 percent of the area median income (AMI) and the remaning four units will be affordable to residents earning at or below 50 percent AMI.
MHP FINANCING: A permanent first mortgage of $395,000.