Sponsor: Inguilinos Borquas En Baccion
Loan Approved: July 24, 1992
MHP committed $265,000 in permanent rental financing to help Inguilinos Borquas En Baccion construct 11 new SRO units in the South End neighborhood of Boston.
TYPE: New.
WHERE: 326 Shawmut Avenue, Boston (South End).
WHAT: The new construction of 11 SRO units.
AFFORDABILITY: Nine units will be affordable for residents earning at or below 80 percent of the area median income (AMI) and the remaining two units will be affordable for residents earning at or below 50 percent AMI.
MHP FINANCING: A permanent first mortgage loan of $265,000.