Sponsor: South Boston Neighborhood Development Corporation
Loan Approved: June 3, 1998
MHP committed $463,000 in financing to help the South Boston Neighborhood Development Corporation preserve nine rental units and one condominium unit in South Boston.
TYPE: Preservation.
WHERE: 48 Preble Street, 30-36 Rogers Street WHAT: Nine rental units and one ground floor condominium commercial space.
AFFORDABILITY: One rental unit at or below 80 percent of the area median income (AMI) and the other eight rental units at or below 60 percent AMI.
MHP FINANCING: $314,500 first mortgage, $148,000 second mortgage.
RENTAL INFORMATION: donna.brown@sbndc.org