Sponsor: Dorchester Bay Economic Development Corporation
Loan Approved: November 8, 1996
MHP committed $644,000 in permanent rental financing to help Dorchester Bay Economic Development Corporation preserve 62 affordable rental units in Dorchester.
TYPE: Preservation.
WHERE: 286-288 Columbia Road, Boston (Dorchester) along with other sites in Dorchester.
WHAT: The preservation of 62 affordable rental units.
AFFORDABILITY: All units will be affordable to residents earning at or below 60 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage loan of $644,000.