Sponsor: Dorchester Bay Economic Development Corporation
Loan Approved: January 16, 1998
MHP committed $966,000 in financing to help Dorchester Bay Economic Development Corporation acquire and rehabilitate 61 affordable rental properties in Dorchester.
TYPE: Rehabilitation.
WHERE: 20, 24, 28, 32, and 36 Bishop Joe L Smith Way, and 67 Geneva Avenue, Boston (Dorchester).
WHAT: The acquisition and rehabilitation of 61 affordable rental units in the Grove Hall section of Dorchester.
AFFORDABILITY: All units will be affordable to residents earning at or below 60 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage of $966,000.