Sponsor: Dorchester Bay Economic Development Corp.
Loan Approved: December 10, 1999
MHP committed $1.9 million to help rehabilitate 56 units in Uphams Corner in Dorchester.
TYPE: Rehabilitation
WHERE: 2 and 6 Dudley Terrace, 728 Dudley Terrace, 1285-1291 Massachusetts Avenue, 1125-1129 Dorchester Avenue, 14 –16 and 20-24 Roach Street, in Dorchester.
WHAT: Substantial rehab of four properties located in the Uphams Corner neighborhood of Dorchester.
AFFORDABILITY: 47 of the units are affordable to residents earning 60 percent of the area median income (AMI) and three are affordable at 30 percent AMI.
MHP FINANCING: MHP committed $1.9 million in first mortgage financing to help Dorchester Bay Economic Development Corporation rehab the 56 units.
RENTAL INFORMATION: Maloney Properties, 617-442-1443