Sponsor: Codman Square Neighborhood Development Corporation
Loan Approved: May 24, 2006
MHP provided $573,700 in a permanent first mortgage loan to preserve the affordability of 18 units in the Dorchester neighborhood of Boston..
TYPE: Preservation.
WHERE: 207 Norfolk Street and 4-6 Norfolk Terrace, Boston.
WHAT: The preservation of 18 units of affordable housing in three apartment buildings.
AFFORDABILITY: Either 20 percent of the units must be affordable at 50% AMI OR 40 percent of the units must be affordable at 60% AMI.
MHP FINANCING: $573,700 in a permanent first mortgage loan.
RENTAL INFORMATION: Winn Residential or 617-742-4500.