Developments > Pace Border
This was one of the first two projects financed by MHIC using New Markets Tax Credit financing. The project sponsor, Neighborhood of Affordable Housing, Inc. (NOAH) reclaimed a deteriorated former industrial site on Border Street in East Boston’s waterfront neighborhood to build a new 20,000-square-foot, 4-story office condominium building. NOAH occupies one of the condominiums, and another non-profit, Project Bread, occupies the other.
Pace Border
Project at a Glance:
Location:
Boston
Development Type:
Commercial
Project Type:
New construction on old industrial site
MHIC Financing:
$1,803,976 in NMTC financing
Sponsor:
NOAH
Date Completed:
4/30/2005
This was one of the first two projects financed by MHIC using New Markets Tax Credit financing. The project sponsor, Neighborhood of Affordable Housing, Inc. (NOAH) reclaimed a deteriorated former industrial site on Border Street in East Boston’s waterfront neighborhood to build a new 20,000-square-foot, 4-story office condominium building. NOAH occupies one of the condominiums, and another non-profit, Project Bread, occupies the other.