Sponsor: Long Associates
Loan Approved: October 13, 1998
MHP committed $252,950 in financing to help Long Associates create six new rental units in Dorchester.
TYPE: New.
WHERE: 15 Morse Street, Boston (Dorchester).
WHAT: The new construction of six rental units.
AFFORDABILITY: Four units will be affordable to residents earning at or below 80 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage loan of $192,950 and a second mortgage loan of $60,000.