Sponsor: John McGuire
Loan Approved: January 10, 1997
MHP committed $251,000 in permanent rental financing to help private developer John McGuire preserve 25 SRO units in Revere.
TYPE: Preservation.
WHERE: 675 Beach Street, Revere.
WHAT: The preservation of 25 SRO units.
AFFORDABILITY: Five units will be affordable at 50 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage loan of $251,000.