Developments > Whittier Street Apartments Phase 2A
Whittier Street Apartments Phase 2A involves the demolition of two existing buildings compromised of 80 units, and replacing them with two mid-rise buildings consisting of 52 units. MHIC's pre-development loan will allow POAH to repay its ESCO bond debt in advance of the full financial closing, giving them flexibility to start abatement and demolition work.
Whittier Street Apartments Phase 2A
Project at a Glance:
Location:
Boston
Development Type:
Rental
MHIC Financing:
$2,000,000 in debt financing
Sponsor:
Preservation of Affordable Housing
Number of Units:
52
Whittier Street Apartments Phase 2A involves the demolition of two existing buildings compromised of 80 units, and replacing them with two mid-rise buildings consisting of 52 units. MHIC's pre-development loan will allow POAH to repay its ESCO bond debt in advance of the full financial closing, giving them flexibility to start abatement and demolition work.