Sponsor: Jamaica Plain Neighborhood Development Corporation
Loan Approved: October 29, 1999
MHP committed $3.1 million to help a local non-profit preserve 60 units in a 114 unit building.
TYPE: Preservation.
WHERE: 560-566 Centre Street in Jamaica Plain
WHAT: Acquisition and preservation of 60 units, includes a mix of two- and three-bedroom units.
AFFORDABILITY: 60 units are affordable to residents earning between 60 and 80 percent of the area median income.
MHP FINANCING: $3.1 million in a permanent first mortgage loan.
RENTAL INFORMATION: Jamaica Plain Neighborhood Development Corp., 617-522-2424.