Sponsor: Planning Office for Urban Affairs
Loan Approved: August 27, 2013
MHP committed $1.025 million in permanent rental financing to help the Planning Office for Urban Affairs (POUA) build 33 affordable rental units in the Dorchester neighborhood of Boston.
TYPE: New construction.
WHERE: 516 Columbia Road and 35 Bird Street, Dorchester.
WHAT: The adaptive re-use of a former school building into 21 residential rental units, the demolition of a former convent and the new construction of 12 additional residential rental units in a townhouse style building.
AFFORDABILITY: All units affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $1.025 million.
RENTAL INFORMATION: Corcoran Management Co., (781) 849-0011