Sponsor: Caritas Communities, Inc.
Loan Approved: May 13, 1994
MHP committed $1.15 million in permanent rental financing to help Caritas Communities, Inc. acquire and rehabilitate 58 SRO units in Dorchester and Quincy.
TYPE: Rehabilitation.
WHAT: The acquisition and rehabilitation of 58 SRO units.
MHP FINANCING: A permanent first mortgage loan of $1.15 million.