Sponsor: Madison Park Development Corporation
Loan Approved: August 28, 2012
MHP committed over $3.5 million to help the Madison Park Development Corporation construct 43 affordable rental units and 3,000 square feet of commercial space in the Dudley Square neighborhood of Boston.
TYPE: New construction.
WHERE: 205-213 & 223-231 Dudley Street, Boston.
WHAT: The new construction of 43 residential rental units in two buildings.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A $3,092,034 million direct bond purchased through Bank of America and a $450,000 loan through the HomeFunders program.
RENTAL INFORMATION: Madison Park Development Corporation, 617-541-3900.