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Dorchester: Hope Apartments

Nuestra Comunidad

71 77 Kingsdale St  Dorchester

Loan Approved: June 26, 2020

MHP used its Fannie Mae capital source to provide Nuestra Comunidad Development Corp. with a $1.17 million loan for the refinancing of Hope Apartments, a 40-unit scattered site effort on four streets in Dorchester.

TYPE: Preservation

WHERE: Harvard, Kingsdale, Wales streets; Browing Ave., Dorchester.

WHAT: Preservation of 40 affordable units

AFFORDABILITY: All affordable at 60 percent AMI. 37 have Sec. 8 contracts.

MHP FINANCING: Permanent Fannie Mae first mortgage of $1.17 million

MORE INFO: News release

RENTAL INFO: Winn Residential, 617-442-8472

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