Sponsor: Caritas Communities, Inc.
Loan Approved: December 24, 1996
MHP committed $300,000 in permanent rental financing to help Caritas Communities, Inc. acquire and rehabilitate 21 SRO units in Braintree.
TYPE: Rehabilitation.
WHERE: 15 Holbrook Avenue, Braintree.
WHAT: The acquisition and rehabilitation of 21 SRO units.
AFFORDABILITY: All units will be affordable to residents earning at or below 60 percent of the area median income (AMI).
MHP FINANCING: A permanent first mortgage loan of $300,000.