East Boston Community Development Corporation (EBCDC)
Loan Approved: July 5, 2018
MHP committed to $1.3 million in a permanent first mortgage to help East Boston Community Development Corporation (EBCDC) to construct 32 new residential rental units with accompanying community amenities.
TYPE: New.
WHERE: 191 Paris Street, Boston, (East Boston).
WHAT: The new construction of 32 units.
AFFORDABILITY: 128 units will be affordable to residents earning at or below 60 percent of the area median income (AMI) and the additional four units will be affordable for residents earning at or below 30 percent AMI.
MHP FINANCING: A permanent first mortgage loan of $1.3 million.