Sponsor: Neighborhood of Affordable Housing, Inc.
Loan Approved: July 16, 1993
MHP committed $450,000 in permanent rental financing to help Neighborhood of Affordable Housing, Inc. acquire and rehabilitate 17 apartments in the historic Eagle Hill area of East Boston.
TYPE: Preservation/rehab.
WHERE: 49-55 Putnam Street, 108-110 White Street, and 449-457 Sarasota Street.
WHAT: Rehab of 17 units.
AFFORDABILITY: 12 units at or below 80 percent of the area median income (AMI) and four units at or below 50 percent AMI.
MHP FINANCING: $450,000 first mortgage.