Developments > Franklin Commons
This mixed-income family housing development, built under Chapter 40B, involved the purchase of three adjacent parcels of land totaling 11.3 acres. Sixty-three of the units are affordable to families earning 60% or less of the area median income in this rapidly growing suburban area southwest of Boston.
Franklin Commons
Project at a Glance:
Location:
Franklin
Development Type:
Rental
Project Type:
New construction, 40B
MHIC Financing:
$8,180,000 in debt financing
Sponsor:
The Gatehouse Group
Number of Units:
96
This mixed-income family housing development, built under Chapter 40B, involved the purchase of three adjacent parcels of land totaling 11.3 acres. Sixty-three of the units are affordable to families earning 60% or less of the area median income in this rapidly growing suburban area southwest of Boston.