Sponsor: Fenway Community Development Corporation
Loan Approved: January 25, 2011
MHP committed $7 million in direct bond financing to help the Fenway Community Development Corporation (Fenway CDC) preserve 48 units of affordable housing for seniors and disabled tenants in the Fenway neighborhood of Boston.
TYPE: Preservation.
WHERE: 110 Peterborough Street, Boston.
WHAT: The preservation of 48 rental units for elderly or disabled tenants.
AFFORDABILITY: All of the units will be affordable at 60 percent AMI.
MHP FINANCING: A $7 million direct bond purchase through BNY Mellon.
RENTAL INFORMATION: HallKeen, 617-424-6783.