Sponsor: Neville Communities, Inc.
Loan Approved: March 3, 2000
MHP provided $3,725,000 in financing to help Neville Communities, Inc. rehabilitate a historic nursing home and convert it into a 71 assisted living units.
TYPE: Preservation
WHERE: 650 Concord Avenue, Cambridge.
WHAT: The rehabilitation of a historic Civil War-era nursing home that had fallen into disrepair into a 71-unit assisted living facility.
AFFORDABILITY: All affordable at 80 percent AMI.
MHP FINANCING: A $3,725,000 first mortgage.
RENTAL INFORMATION: Senior Living Residences, Inc., 617-497-8700.