Developments > Long Glen Properties
MHIC teamed up with The Life Initiative, the Property and Casualty Initiative and Boston Community Capital to make a $14.5 million acquisition loan ($3.75 million from MHIC), enabling the Allston/Brighton CDC to acquire three apartment buildings and redevelop them.
Long Glen Properties
Project at a Glance:
Location:
Boston
Development Type:
Rental
Project Type:
Rehabilitation
MHIC Financing:
$3,750,000 in debt financing, $7,718,628 in LIHTC financing
Sponsor:
Allston Brighton CDC
Number of Units:
59
Date Completed:
1/18/2007
MHIC teamed up with The Life Initiative, the Property and Casualty Initiative and Boston Community Capital to make a $14.5 million acquisition loan ($3.75 million from MHIC), enabling the Allston/Brighton CDC to acquire three apartment buildings and redevelop them.