Sponsor: Caritas Communities
Loan Approved: January 16, 2002
MHP committed over $5.5 million to help Caritas Communities preserve the affordability of 330 units in their portfolio.
TYPE: Preservation
WHERE: Scattered properties throughout Metro Boston.
WHAT: The preservation of 330 existing affordable apartments in Caritas' portfolio.
AFFORDABILITY: All affordable at 80 percent AMI.
MHP FINANCING: A $5,586,350 first mortgage.
RENTAL INFORMATION: Caritas Communities, 781-843-1242.