Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > Cortes Street

Cortes Street



Project at a Glance:
Location:
Boston
Development Type:
Rental
MHIC Financing:
$1,300,000 in LIHTC financing
Sponsor:
Nuestra Comunidad
Number of Units:
48

Cortes Street SRO: Rehabilitation of three buildings in the South Bay neighborhood into 48 single-room-occupancy units. Developer is Boston Aging Concerns/Young and Old United, a non-profit organization. Total equity investment: $1,300,000. In construction. Three different buildings in the South Bay section of Boston were rehabilitated in 1993 to create 48 SROs for low-income elderly residents.