Sponsor: The Neighborhood Developers (TND)
Loan Approved: August 26, 2014
MHP committed $1.13 million in first mortgage financing to help The Neighborhood Developers (TND) construct 39 new affordable units in Revere.
TYPE: New construction.
WHERE: One Beach, Revere.
WHAT: The new construction of 39 residential rental units for seniors.
AFFORDABILITY: All units affordable at or below 60 percent AMI.
MHP FINANCING: A $1,130,000 first mortgage.
RENTAL INFORMATION: WinnResidential, 617-742-4500