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

Cabot Street House



Project at a Glance:
Location:
Beverly
Development Type:
Rental
Project Type:
Rehabilitation
MHIC Financing:
$1,180,000 in debt financing, $2,066,106 in LIHTC financing
Sponsor:
Beverly Regional YMCA
Number of Units:
45

Cabot Street House is an 80-year-old structure that was renovated to create 45 SRO units. The sponsor also provides social services such as job training and substance abuse counseling.