Sponsor: Nuestra Communidad Development Corporation
Loan Approved: September 14, 2006
MHP committed $2.3 million to help Nuestra Comunidad Development Cop. preserve 45 units of affordable housing in the Mattapan neighborhood of Boston.
TYPE: Preservation.
WHERE: 435-439 River Street, Boston.
WHAT: The preservation of 45 affordable rental units.
AFFORDABILITY: All units affordable at 60 percent AMI; 10 affordable at 30 percent AMI.
MHP FINANCING: $1.85 million first mortgage and a $450,000 Home Funders second mortgage.
RENTAL INFORMATION: Nuestra Comunidad Development Corp., 617-427-3599.