Sponsor: Madison Park Development Corporation
Loan Approved: August 4, 2005
MHP provided over $2.2 million in financing to help Madison Park Development Corp. preserve 43 units in the Roxbury neighborhood of Boston.
TYPE: Preservation
WHERE: 41 Ruggles & 746-750 Shawmut Avenue, Boston
WHAT: The rehabilitation and reconfiguration of 41 existing units into 43 affordable units.
AFFORDABILITY: All units affordable at 60 percent AMI.
MHP FINANCING: A $1.8 million first-mortgage and a $416,982 Home Funders second mortgage.
RENTAL INFORMATION: Trinity Management, 617-542-3019.