Dorchester Bay Economic Development Corp.
Loan Approved: January 29, 2020
MHP used the federal Treasury Risk Share program to provide a $5.3M loan to preserve 56 affordable apartments.
TYPE: Preservation
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: Refinancing of four properties located in the Uphams Corner
AFFORDABILITY: 10 one-, 34 two- and 12 three bedroom apartments, all affordable at or below 60% AMI
MHP FINANCING: MHP is providing a $5.3 million loan to preserve the affordability of 56 units
RENTAL INFORMATION: Maloney Properties, 617-442-1443