Developments > Eustis Street Firehouse
MHIC’s $2.1 million in New Markets Tax Credit financing provided critical gap financing for the restoration of the oldest firehouse in Boston. Built in 1859, the Eustis Fire House, located on Eustis Street in the Dudley Square neighborhood of Roxbury, had been out of service as a fire station since 1919 and vacant since the 1950s. Until construction began in November 2010, it was held up by wooden braces put in place by the City and HBI to prevent the building’s collapse. Historic Boston Inc., a non-profit that preserves and rehabilitates historic properties, seized the opportunity to rescue the building, considered one of Boston’s most endangered landmarks. The organization obtained a 99-year lease from the City, then set forth to restore the 1859 shell, replace a previous addition to the structure, and relocate its headquarters. This project transformed a long-abandoned, significant historic building into a culturally rich and inspiring neighborhood asset and adds to the ongoing improvement of the neighborhood.
Eustis Street Firehouse
Project at a Glance:
Location:
Boston
Development Type:
Commercial
Project Type:
Historic rehabilitation
MHIC Financing:
$2,137,583 in NMTC financing
Sponsor:
Historic Boston Inc,
MHIC’s $2.1 million in New Markets Tax Credit financing provided critical gap financing for the restoration of the oldest firehouse in Boston. Built in 1859, the Eustis Fire House, located on Eustis Street in the Dudley Square neighborhood of Roxbury, had been out of service as a fire station since 1919 and vacant since the 1950s. Until construction began in November 2010, it was held up by wooden braces put in place by the City and HBI to prevent the building’s collapse. Historic Boston Inc., a non-profit that preserves and rehabilitates historic properties, seized the opportunity to rescue the building, considered one of Boston’s most endangered landmarks. The organization obtained a 99-year lease from the City, then set forth to restore the 1859 shell, replace a previous addition to the structure, and relocate its headquarters. This project transformed a long-abandoned, significant historic building into a culturally rich and inspiring neighborhood asset and adds to the ongoing improvement of the neighborhood.