Developments > Bedford Veterans
Caritas Communities is the largest owner of single room occupancy lodging houses in Boston and eight suburban communities. Using MHIC’s $750,000 construction loan, Caritas rehabilitated two floors in Building 5 at the Edith Nourse Rogers Memorial Veterans Hospital to create 60 SRO units affordable housing. The units provide permanent housing and support services to homeless and disabled veterans. The project was made possible by a ground lease with the Department of Veterans Affairs to ensure long-term affordability for eligible veterans.
Bedford Veterans
Project at a Glance:
Location:
Bedford
Development Type:
Rental
Project Type:
Rehabilitation
MHIC Financing:
$750,000 in debt financing
Sponsor:
Caritas Communities, Inc.
Number of Units:
60
Caritas Communities is the largest owner of single room occupancy lodging houses in Boston and eight suburban communities. Using MHIC’s $750,000 construction loan, Caritas rehabilitated two floors in Building 5 at the Edith Nourse Rogers Memorial Veterans Hospital to create 60 SRO units affordable housing. The units provide permanent housing and support services to homeless and disabled veterans. The project was made possible by a ground lease with the Department of Veterans Affairs to ensure long-term affordability for eligible veterans.