Sponsor: Rogerson Communities
Loan Approved: September 1, 2006
MHP committed $600,000 in first mortgage financing to help rehabilitate and preserve 34 SRO units.
TYPE: Preservation.
WHERE: 409 Walnut Ave, Boston.
WHAT: The rehabilitation and preservation of a historic brick structure that serves as a residential program for mentally disabled adults. Two units were added for a total of 34 single resident occupancy (SRO) units.
AFFORDABILITY: All units affordable at or below 50 percent AMI.
MHP FINANCING: $600,000 first mortgage.
RENTAL INFORMATION: Rogerson Communities or 617-469-5800.