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MHP Provides $2M Loan for Affordable Housing Community in Roxbury

The Massachusetts Housing Partnership (MHP) has provided a $2 million permanent loan to help preserve the affordability of the Brook Avenue Apartments, a scattered site development of 36 three-bedroom townhouse apartments in Roxbury.

The financing from MHP completes a $10.9 million acquisition and rehabilitation of the property by EA Fish Development from the original developer, Veterans Benefits Clearinghouse Development Corp. Terms of financing included a 17-year term and a 30-year amortization schedule.

“Brook Avenue symbolizes the revitalization of Dudley Street neighborhood, and we’re proud to support EA Fish Development and Peabody Properties’ efforts to ensure that these affordable homes serve neighborhood residents for years to come,” said Clark Ziegler, executive director at MHP.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.