Sponsor: Nuestra Comunidad Development Corp.
Loan Approved: June 30, 2005
MHP committed $2.5 million to help Nuestra Comunidad Development Corp. preserve 50 affordable units in the Mattapan neighborhood of Boston.
TYPE: Preservation
WHERE: 415 and 431 River Street, Boston.
WHAT: The rehabilitation and preservation of 50 affordable units.
AFFORDABILITY: All affordable at 60 percent AMI.
MHP FINANCING: A $2.5 million first mortgage.
RENTAL INFORMATION: WinnResidential, 617-442-8472.