Developments > Stony Brook Gardens
Stony Brook Gardens: 50-unit limited equity cooperative project being developed in Jamaica Plain by Urban Edge Housing Corporation as part of the Boston Coop Initiative, under the sponsorship of the City of Boston and the Metropolitan Boston Housing Partnership. Loan amount: $1,900,000. Equity investment: $4,942,000. In construction. This 50-unit limited equity cooperative, completed in 1993, was one of the first to be developed under the Boston Coop Initiative.
Stony Brook Gardens
Project at a Glance:
Location:
Boston
Development Type:
Rental
MHIC Financing:
$1,532,690 in debt financing, $4,942,000 in LIHTC financing
Sponsor:
Urban Edge Housing Corporation
Number of Units:
50
Stony Brook Gardens: 50-unit limited equity cooperative project being developed in Jamaica Plain by Urban Edge Housing Corporation as part of the Boston Coop Initiative, under the sponsorship of the City of Boston and the Metropolitan Boston Housing Partnership. Loan amount: $1,900,000. Equity investment: $4,942,000. In construction. This 50-unit limited equity cooperative, completed in 1993, was one of the first to be developed under the Boston Coop Initiative.