Sponsor: ETC Development Corporation
Loan Approved: March 18, 2003
MHP committed over $3.6 million to help preserve 44 affordable units in the South End neighborhood of Boston.
TYPE: Preservation
WHERE: 541 Shawmut Avenue, Boston.
WHAT: The preservation of 44 rental apartments.
AFFORDABILITY: All affordable at 50 percent AMI.
MHP FINANCING: A $3,692,163 first mortgage.
RENTAL INFORMATION: Maloney Properties, 617-262-2114.