Sponsor: Madison Park Development Corporation
Loan Approved: December 13, 2011
MHP committed $18.5 million in direct bond financing to help non-profit developer Madison Park Development Corporation (MPDC) preserve 143 units of affordable rental housing in the Roxbury neighborhood of Boston.
TYPE: Preservation.
WHERE: Various addresses in the Roxbury neighborhood of Boston.
WHAT: The preservation of 143 residential rental units in 15 townhouse buildings.
AFFORDABILITY: All of the units will be affordable at 50 percent AMI.
MHP FINANCING: An $18.5 million direct bond purchase through Bank of America and MassDevelopment.
RENTAL INFORMATION: Winn Residential, 617-445-8338 or http://winnresidential.com/