Sponsor: Lena Park CDC & New Boston USA
Loan Approved: September 14, 2006
MHP committed over $2.8 million to help Lena Park Community Development Corp. and New Boston USA create 51 new affordable units in Mattapan.
TYPE: New construction.
WHERE: 591 Morton Street, Boston.
WHAT: The new construction of 51 affordable rental units.
AFFORDABILITY: All units affordable at 60 percent AMI; 15 units affordable at 30 percent AMI.
MHP FINANCING: A $2,085,000 first mortgage and a $750,000 HomeFunders second mortgage.
RENTAL INFORMATION: Winn Management, 617-742-4500.