Sponsor: Mattapan Community Development Corporation
Loan Approved: February 24, 1999
MHP committed $382,655 in financing to help Mattapan Community Development Corporation preserve 6 units of affordable rental housing.
TYPE: Preservation.
WHERE: 8-10 Elizabeth Street, Mattapan, Boston.
WHAT: The acquisition and preservation of 6 rental units.
AFFORDABILITY: All of the units will be affordable to residents earning at or below 80 percent of the area median income (AMI).
MHP FINANCING: A perm plus first mortgage of $298,175 and a second mortgage of $84,480.