Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > Beacon/Oread

Beacon/Oread



Project at a Glance:
Location:
Worcester
Development Type:
Rental
Project Type:
Rehabilitation and new construction
MHIC Financing:
$3,024,934 in debt financing, $3,709,661 in LIHTC financing
Sponsor:
Main South Community Development Corporation
Number of Units:
34

This project involved substantial rehabilitation of four abandoned multi-family properties, construction of three new townhouses, demolition of three structures to facilitate open space and parking, and reconstruction of the historic Walker Armitage House at 140 Beacon Street.