Sponsor: Dorchester Bay Economic Development Corporation
Loan Approved: May 31, 2011
MHP committed $1.25 million in permanent rental financing to help Dorchester Bay Economic Development Corporation preserve and rehabilitate 13 units of affordable rental housing.
TYPE: Preservation.
WHERE: 21 Ramsey Street, 555-559 Dudley Street and 2-4 Cottage Street, Boston.
WHAT: The preservation and rehabilitation of 13 affordable rental units.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $1.25 million.