Sponsor: Dorchester Bay Economic Development Corporation
Loan Approved: April 6, 2006
MHP committed $1.66 million to help Dorchester Bay Economic Development Corp. construct 26 units of affordable housing in the Dorchester neighborhood of Boston.
TYPE: New construction
WHERE: 571, 600-610 and 630 Dudley Street, Boston.
WHAT: The new construction of 26 affordable units in four buildings.
AFFORDABILITY: All affordable at 60 percent AMI; nine units affordable at 30 percent AMI.
MHP FINANCING: A $1.21 million first mortgage loan and a $450,000 Homefunders second mortgage loan.
RENTAL INFORMATION: Maloney Properties or 781-943-0200.