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Developments > Jacobs Place

Jacobs Place

Project at a Glance:
Development Type:
MHIC Financing:
$349,620 in debt financing
Boston Neighborhood Housing Services
Number of Units:

Jacob's Place: 30-unit affordable home ownership project near Codman Square in Dorchester. Boston Neighborhood Housing Services is developing these 3 bedroom homes in 15 duplex structures, with units selling for $75,000 to $88,900. Total loan amount (with Boston Five Cents Savings Bank): $1,904,000. In construction This construction loan made back in 1991 involved the new construction of 33 affordable housing units near Codman Square in Dorchester. Three-bedroom homes in 15 duplex structures were built in 3 phases and sold to lower-income first-time homebuyers. The former Boston Five Cents Savings Bank was a 50% participant in the loan.