Sponsor: Beacon Communities
Loan Approved: October 28, 2008
MHP committed $14.2 million to help Beacon Communities to acquire and rehabilitate133 units in the Lower Mills section of Dorchester.
TYPE: Preservation.
WHERE: 1200-1220 Adams Street, Boston.
WHAT: The preservation and moderate rehabilitation of 133 rental units.
AFFORDABILITY: 34 units are affordable at 80 percent AMI.
MHP FINANCING: A $14.2 million first mortgage loan.
RENTAL INFORMATION: Beacon Residential, 617-574-1100