Developments > Hyde Square
Hyde Square Cooperative : 41-unit cooperative in Jamaica Plain. Second Boston Coop Initiative project. New construction of 2 and 3 family structures on 9 sites, being developed by the Neighborhood Development Corporation of Jamaica Plain. Loan amount: $1,200,000. Equity investment: $3,430,000. In construction. This Jamaica Plain cooperative was one of 5 tax credit limited equity cooperative projects, sponsored by CDCs, the City of Boston and the Metropolitan Boston Housing Partnership, Inc., in which MHIC invested. Developed under the Boston Co-Op Initiative in 1992, the project involved new construction of 2 and 3-family structures on 9 different sites.
Hyde Square
Project at a Glance:
Location:
Boston
Development Type:
Rental
MHIC Financing:
$1,160,282 in debt financing, $3,430,000 in LIHTC financing
Sponsor:
Jamaica Plain Neighborhood Development Corporation
Number of Units:
41
Hyde Square Cooperative : 41-unit cooperative in Jamaica Plain. Second Boston Coop Initiative project. New construction of 2 and 3 family structures on 9 sites, being developed by the Neighborhood Development Corporation of Jamaica Plain. Loan amount: $1,200,000. Equity investment: $3,430,000. In construction. This Jamaica Plain cooperative was one of 5 tax credit limited equity cooperative projects, sponsored by CDCs, the City of Boston and the Metropolitan Boston Housing Partnership, Inc., in which MHIC invested. Developed under the Boston Co-Op Initiative in 1992, the project involved new construction of 2 and 3-family structures on 9 different sites.