Sponsor: Urban Edge Housing Corporation and WinnDevelopment LLC
Loan Approved: March 25, 2010
MHP committed over $2.7 million to help Urban Edge Housing Corporation and WinnDevelopment LLC finance 103 units in Boston.
TYPE: Preservation.
WHERE: 11 buildings scattered throughout the Boston neighborhoods of Dorchester, Roxbury, and Jamaica Plain.
WHAT: The substantial rehabilitation of 103 rental units.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $2,731,500.