Sponsor: Caritas Communities
Loan Approved: December 3, 2002
MHP provided $850,000 in financing to help Caritas Communities create 15 single room occupancy (SRO) units in the Cleveland Circle neighborhood of Brookline.
TYPE: New construction
WHERE: 1876 Beacon Street, Brookline.
WHAT: The new construction of 15 single-room occupancy (SRO) units.
AFFORDABILITY: All affordable at 80 percent AMI.
MHP FINANCING: A $350,000 first mortgage and a $500,000 deferred-payment second mortgage.
RENTAL INFORMATION: Caritas Communities, 781-843-1606.