Sponsor: John McGrail
Loan Approved: April 29, 1998
MHP committed $365,000 in permanent rental financing to help private developer John McGrail preserve 12 rental units in Mattapan.
TYPE: Preservation.
WHAT: The preservation of 12 rental units.
AFFORDABILITY: Five units will be affordable for residents earning at or below 60 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage loan of $365,000.