Sponsor: Frederick E. Fairfield Jr.
Loan Approved: January 31, 1994
MHP committed $850,000 in permanent rental financing to help private developer Frederick Fairfield Jr. preserve 30 rental units in Dorchester.
TYPE: Preservation.
WHAT: The preservation of 30 rental units.
AFFORDABILITY: 12 units will remain affordable for residents earning at or below 60 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage loan of $850,000.