Developments > 225 Centre Street LIHTC
It represents the first phase in the redevelopment of the Jackson Square neighborhood of Boston. It is part of the Jackson Square Master Plan — a major redevelopment priority for the City of Boston — developed over more than a decade ago by a consortium of community groups. This plan envisions a total of 430 housing units and 60,000 square feet of retail and community space. This phase, immediately adjacent to the Jackson Square MBTA station, involves new construction of a six-story masonry structure with five floors of residential space (103 units, 35 of which will be affordable), one level of ground-floor retail, two levels of parking, and extensive streetscape improvements. MHIC provided $5.4 million in New Markets Tax Credit financing with US Bank CDC as the investor, and $4.6 million in low-income housing tax credit investment with TD Bank as the investor. Revitalization of Jackson Square has been a priority of the City of Boston for the past decade.
225 Centre Street LIHTC
Project at a Glance:
Location:
Boston
Development Type:
Rental
MHIC Financing:
$4,722,374 in LIHTC financing
Sponsor:
The Community Builders
Number of Units:
35
It represents the first phase in the redevelopment of the Jackson Square neighborhood of Boston. It is part of the Jackson Square Master Plan — a major redevelopment priority for the City of Boston — developed over more than a decade ago by a consortium of community groups. This plan envisions a total of 430 housing units and 60,000 square feet of retail and community space. This phase, immediately adjacent to the Jackson Square MBTA station, involves new construction of a six-story masonry structure with five floors of residential space (103 units, 35 of which will be affordable), one level of ground-floor retail, two levels of parking, and extensive streetscape improvements. MHIC provided $5.4 million in New Markets Tax Credit financing with US Bank CDC as the investor, and $4.6 million in low-income housing tax credit investment with TD Bank as the investor. Revitalization of Jackson Square has been a priority of the City of Boston for the past decade.