Sponsor: Nuestra Comunidad Development Corporation
Loan Approved: October 25, 1991
MHP committed $390,000 in permanent rental financing to help Nuestra Comunidad Development Corporation construct 19 new affordable SRO units in Roxbury.
TYPE: New.
WHERE: 318 Dudley Street, Boston (Roxbury).
WHAT: The new construction of 19 SRO units.
AFFORDABILITY: 15 SRO units will be affordable to residents earning at or below 80 percent of the area median income (AMI) and the additional four units will be affordable for residents earning at or below 50 percent AMI.
MHP FINANCING: A permanent first mortgage loan of $390,000.