Sponsor: Inuilinos Boricuas en Accion, Inc
Loan Approved: June 17, 2019
Using its Treasury Risk program, MHP is providing a permanent first mortgage loan of $50 million for he construction of 190 rental units in 15 townhouse-style buildings and two brick-row walk-up buildings.
TYPE: New construction.
WHERE: 1-7 West Dedham Street,
9-11 West Dedham Street,
348-358 Shawmut Avenue,
13-55 West Dedham Street,
69-91 West Dedham Street,
25-29 San Juan Street,
31-35 San Juan Street,
32-44 San Juan Street,
46-52 San Juan Street,
54-56 San Juan Street,
636 Tremont Street,
00 Aguadilla Street,
15-21 Aguadilla Street,
130-132 West Brookline Street,
24-36 Aguadilla Street,
38-44 Aguadilla Street,
80-90 West Brookline Street,
393-397 Shawmut Avenue,
57-59 West Newton Street,
61-67 West Newton Street,
57,59, and 65 West Dedham Street, Boston.
WHAT: PConstruction of 190 residential units in various locations across Boston.
AFFORDABILITY: At least 76 units will be affordable to households earning up to 60% AMI.
MHP FINANCING: $50M million loan.
MORE INFO: News release