Sponsor: Dorchester Bay Economic Development Corporation
Loan Approved: June 24, 2004
MHP provided over $2.8 million in financing to help Dorchester Bay Economic Development Corp. preserve 49 rental units in the Dorchester neighborhood of Boston.
TYPE: Preservation
WHERE: 200-204 and 229 Columbia Road; 90-92 and 94-96 Stanwood Street; 36-38 Normandy Street and 94-96 Intervale Street, Boston.
WHAT: The preservation of 49 units in six buildings.
AFFORDABILITY: All units affordable at 60 percent AMI.
MHP FINANCING: A $2,888,327 first mortgage.
RENTAL INFORMATION: Winn Management, 617-427-4281.