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Boston (Fenway): 270 Huntington Avenue

Sponsor: Caleb Clapp

270 huntington avenue boston

Loan Approved: December 4, 1992

MHP committed $867,750 in permanent rental financing to help private developer Caleb Clapp preserve 75 SRO units in the Fenway neighborhood of Boston.

TYPE: Preservation.

WHERE: 270 Huntington Avenue, Boston (Fenway).

WHAT:Acquisition and rehab of former residential hotel into 75 SRO units.AFFORDABILITY: 49 SRO units will be affordable to residents earning at or below 50 percent of the area median income (AMI).

MHP FINANCING: A $867,750 permanent first mortgage loan.

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