Sponsor: Long Associates
Loan Approved: July 26, 1996
MHP committed $250,000 in permanent rental financing to help Long Associates construct 14 new rental units in Dorchester.
TYPE: New.
WHERE: 16 Strathcona Road, Boston (Dorchester).
WHAT: The new construction of 14 rental units.
AFFORDABILITY: Three units will be affordable to residents earning at or below 50 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage loan of $250,000.