Sponsor: Robert F. Crosby
Loan Approved: November 29, 2005
MHP provided $520,000 to help a local development preserve 12 units of housing in Quincy.
TYPE: Preservation
WHERE: 273 Newport Avenue, Quincy
WHAT: The preservation of 12 single residence occupancy (SRO) units.
AFFORDABILITY: Of the 12 units, five will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $520,000.
RENTAL INFORMATION: Advantage Property Management, 617-328-1483.