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Developments > Parkview SRO

Parkview SRO

Project at a Glance:
Development Type:
MHIC Financing:
$1,195,000 in debt financing, $1,451,000 in LIHTC financing
Caritas Communities, Inc.
Number of Units:

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.