Sponsor: Nuestra Comunidad Development Corporation
Loan Approved: June 21, 1999
MHP committed $540,384 in financing to help Nuestra Comunidad Development Corporation acquire and renovate 19 units of housing in Roxbury.
TYPE: Preservation & rehab
WHERE: 375-385 Dudley Street, and 5 Burton Avenue, Roxbury
WHAT: Refinancing and renovation of 19 rental units.
AFFORDABILITY: 13 units at or below 60 percent of the area median income.
MHP FINANCING: $421,200 first mortgage, $119,184 second mortgage.