Sponsor: Viet-Aid, Inc.
Loan Approved: May 23, 2007
MHP committed $736,000 to help Viet-Aid, Inc. create 43 housing units in the Bosto neighborhood of Dorchester.
TYPE: New construction
WHERE: 1460 Dorchester Avenue, Boston.
WHAT: The acquisition and demolition of two existing commercial properties into 43 housing units.
AFFORDABILITY: All units except one are affordable at 60 percent AMI; eight units have been set aside for Department of Mental Health clients.
MHP FINANCING: A permanent first mortgage loan of $736,000.
RENTAL INFORMATION: Cornu Management, 617-542-3019.