Sponsor: Neighborhood of Affordable Housing
Loan Approved: March 3, 2000
MHP provided over $1.3 million in financing to help Neighborhood of Affordable Housing (NOAH) preserve 10 affordable apartments in the East Boston neighborhood of Boston.
TYPE: Preservation/adaptive reuse
WHERE: 109 and 115 Everett Street, Boston.
WHAT: The adaptive reuse of a former bakery and gut rehab of another building into 10 units of affordable housing.
AFFORDABILITY: All affordable below 65 percent AMI.
MHP FINANCING: A $412,200 first mortgage and a $961,316 deferred-payment second mortgage.
RENTAL INFORMATION: Neighborhood of Affordable Housing, 617-418-8240.