Sponsor: The Community Builders (TCB)
Loan Approved: July 5, 2018
MHP committed a $2.5 million permanent first mortgage loan to help The Community Builders (TCB) construct a four-story building with 39 residential rental units.
TYPE: New.
WHERE: 1-8 Quincy Street, 281-311 Blue HIll Avenue, and 46-48 Holborn Street, Boston (Roxbury).
WHAT: The construction of 39 residential rental units in a four-story building with 5,990 square feet of commercial space.
AFFORDABILITY: At least 16 units affordable at 60 percent AMI.
MHP FINANCING: A $2.5 million permanent first mortgage.