Sponsor: Dorchester Bay Economic Development Corporation
Loan Approved: June 24, 2004
MHP provided over $2.5 million in financing to help Dorchester Bay Economic Development Corp. preserve 49 affordable rental units in the Dorchester neighborhood of Boston.
TYPE: Preservation
WHERE: 572-572A Warren Street; 48-50 Brunswick Street; 1-3 Intervale Street; 42 Holborn Street; 538-544 Warren Street and 564-566 Warren Street, Boston.
WHAT: The preservation of 49 rental units.
AFFORDABILITY: All units affordable at 80 percent AMI; 38 units affordable at 50 percent AMI.
MHP FINANCING: A $2,511,771 first mortgage.
RENTAL INFORMATION: Winn Management, 617-742-4500.