Developments > Parkview SRO
Parkview SRO: Rehabilitation of two single-room-occupancy buildings in the Fenway neighborhood of Boston into 61 SRO units. Caritas Communities, a non-profit organization, is the developer. Loan amount: $1,195,000. Equity investment: $1,451,000. In construction. MHIC's financing in 1993 was used to rehabilitate an existing 63-unit SRO building in the Fenway area of Boston. Fifty-five units are now being rented at below-market rents to individuals with incomes below 60% of the area median.
Parkview SRO
Project at a Glance:
Location:
Boston
Development Type:
Rental
MHIC Financing:
$1,195,000 in debt financing, $1,451,000 in LIHTC financing
Sponsor:
Caritas Communities, Inc.
Number of Units:
63
Parkview SRO: Rehabilitation of two single-room-occupancy buildings in the Fenway neighborhood of Boston into 61 SRO units. Caritas Communities, a non-profit organization, is the developer. Loan amount: $1,195,000. Equity investment: $1,451,000. In construction. MHIC's financing in 1993 was used to rehabilitate an existing 63-unit SRO building in the Fenway area of Boston. Fifty-five units are now being rented at below-market rents to individuals with incomes below 60% of the area median.