Sponsor: Neighborhood of Affordable Housing, Inc.
Loan Approved: January 21, 2014
MHP committed $985,000 in financing to help Neighborhood of Affordable Housing, Inc. preserve 30 rental units in East Boston.
TYPE: Refinance
WHERE: Scattered sites through East Boston: 329 Meridian Street/4 Trenton Street; 440 Meridian Street; 149-155 Marion Street, 73-75 Saratoga Street, 201 Princeton Street; 124 Falcon Street; and 29 Havre Street.
WHAT: The refinance of 30 rental units.
AFFORDABILITY: Of the 30 units, 24 will be affordable at 80 percent AMI.
MHP FINANCING: A permanent first mortgage of $965,000.