Sponsor: Mattapan Community Development Corporation
Loan Approved: March 22, 1999
MHP committed $875,480 in financing to preserve 18 rental units.
TYPE: Preservation.
WHERE: 10 Verrill Street and 130-134 Ballou Avenue, Mattpan, Boston.
WHAT: The acquisition and preservation of 18 rental units.
AFFORDABILITY: 12 of the units will be affordable to residents earning at or below 80 percent of the area median income (AMI).
MHP FINANCING: $635,480 in perm plus first mortgage financing and $240,000 in second mortgage financing.