Sponsor: Dorchester Bay Economic Development Corporation
Loan Approved: April 6, 2006
MHP committed $1,362,854 in financing to help Dorchester Bay Economic Development Corp. construct 24 units of affordable housing in the Dorchester neighborhood of Boston.
TYPE: New construction.
WHERE: 564-570 and 580-590 Dudley Street, Boston.
WHAT: The new construction of 24 affordable rental units in two buildings.
AFFORDABILITY: All affordable at 50 percent AMI; eight units affordable at 30 percent AMI.
MHP FINANCING: A $962,854 first mortgage loan and a $400,000 Homefunders second mortgage loan.
RENTAL INFORMATION: Maloney Properties or 781-943-0200.