Mattapan Community Development Corporation Files For Bankruptcy Protection

May 29, 2012 12:00 AM
Mattapan Community Development Corporation Files For Bankruptcy Protection
" BOSTON (CBS) – The Mattapan Community Development Corporation has filed for Chapter 11 bankruptcy, after one of it’s largest mortgage lenders, OneUnited Bank, began foreclosure proceedings.

The Mattapan CDC operates 24 units of affordable housing.

WBZ NewsRadio 1030′s Anthony Silva reports

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Board member Bill Owens says the CDC is underwater with all its properties "

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