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Developments > Hyde Square

Hyde Square

Project at a Glance:
Development Type:
MHIC Financing:
$1,160,282 in debt financing, $3,430,000 in LIHTC financing
Jamaica Plain Neighborhood Development Corporation
Number of Units:

Hyde Square Cooperative : 41-unit cooperative in Jamaica Plain. Second Boston Coop Initiative project. New construction of 2 and 3 family structures on 9 sites, being developed by the Neighborhood Development Corporation of Jamaica Plain. Loan amount: $1,200,000. Equity investment: $3,430,000. In construction. This Jamaica Plain cooperative was one of 5 tax credit limited equity cooperative projects, sponsored by CDCs, the City of Boston and the Metropolitan Boston Housing Partnership, Inc., in which MHIC invested. Developed under the Boston Co-Op Initiative in 1992, the project involved new construction of 2 and 3-family structures on 9 different sites.