Sponsor: Urban Edge Housing Corporation
Loan Approved: April 11, 1997
MHP committed $241,345 in financing to help Urban Edge Housing Corporation acquire and rehabilitate an abandoned nursing home into seven rental units.
TYPE: Rehabilitation.
WHERE: 62 Montebello Road, Boston (Roxbury).
WHAT: The acquisition of an abandoned nursing home into seven rental units.
MHP FINANCING: A permanent plus first loan mortgage of $172,000 and deferred-payment second mortgage of $68,845.