Sponsor: Fenway Community Development Corporation
Loan Approved: March 25, 1994
MHP committed $600,000 in permanent rental financing to help Fenway CDC acquire and rehabilitate 36 units of rental housing in the Fenway neighborhood of Boston.
TYPE: Rehabilitation.
WHERE: 64-70 Burbank Street, Boston (Fenway).
WHAT: The acquisition and rehabilitation of 34 rental units.
AFFORDABILITY: 31 units at or below 60 percent of the area median income (AMI) and five units at market rate.
MHP FINANCING: A permanent first mortgage loan of $600,000.
FINANCING UPDATE: In 2010, MHP committed $800,000 in first-mortgage financing to further preserve and maintain the affordability of these rental homes.
RENTAL INFORMATION: HallKeen, 617-424-6783.