Developments > Unity Place
The Coalition for a Better Acre utilized a vacant parcel of land formerly occupied by two abandoned and deteriorating buildings on Moody Street to build a new 4-story building with 23 units of affordable housing for low and very-low-income households. Six units are service-enriched and are available to homeless families. MHIC provided a $3.5 million low-income housing tax credit investment.
Unity Place
Project at a Glance:
Location:
Lowell
Development Type:
Rental
Project Type:
New construction
MHIC Financing:
$3,517,599 in LIHTC financing
Sponsor:
Coalition for a Better Acre
Number of Units:
23
The Coalition for a Better Acre utilized a vacant parcel of land formerly occupied by two abandoned and deteriorating buildings on Moody Street to build a new 4-story building with 23 units of affordable housing for low and very-low-income households. Six units are service-enriched and are available to homeless families. MHIC provided a $3.5 million low-income housing tax credit investment.