Sponsor: Russell Gibson
Loan Approved: August 12, 1999
MHP committed $665,000 to help acquire and rehabilitate seven residential units in Dorchester.
TYPE: Rehabilitation.
WHERE: 316-324 Talbot Street in Dorchester.
WHAT: The acquisition and rehabilitation of seven residential units and two commercial units.
AFFORDABILITY: Five units will be affordable to tenants earning up to 50 percent of the area median income.
MHP FINANCING: $377,000 in a permanent first mortgage loan and $288,000 in a deferred-payment second mortgage loan.
RENTAL INFORMATION: Talbot Management, 617-522-2559