Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > Arch Project

Arch Project



Project at a Glance:
Location:
Boston
Development Type:
Rental
MHIC Financing:
$1,905,452 in debt financing
Sponsor:
Cliff Boyle
Number of Units:
75

This lower Roxbury property, which includes 5 attached buildings, underwent substantial rehabilitation to create SRO and 1-bedroom rental apartments. Sixty-two units are subsidized by Section 8 subsidies and provide apartments for formerly homeless people; 24 units are for individuals with AIDS. This loan was made in 1994.