Developments > Schoolhouse Brookledge Cummins
Two fully-occupied buildings, including a historic school, with a total of 90 units of affordable rental housing for seniors and disabled adults, have been acquired and rehabilitated by Madison Park Development Corporation and Edward A. Fish Associates. The other building, built in the 1970s and located in Mattapan, has 40 units. Both buildings are subsidized through Section 8. The project sponsors acquired the properties from HUD in early 2008 and have since substantially renovated them. The project is being financed through the sale of tax-exempt bonds, which qualifies the project for 4% low-income housing tax credits. The property also qualified for state historic tax credits and federal historic tax credits.
Schoolhouse Brookledge Cummins
Project at a Glance:
Location:
Boston
Development Type:
Rental,Senior Housing
Project Type:
Historic rehabilitation of one building, rehabilitation of another
MHIC Financing:
$6,248,844 in LIHTC financing
Sponsor:
EAF Associates LLC
Number of Units:
90
Date Completed:
2/13/2009
Two fully-occupied buildings, including a historic school, with a total of 90 units of affordable rental housing for seniors and disabled adults, have been acquired and rehabilitated by Madison Park Development Corporation and Edward A. Fish Associates. The other building, built in the 1970s and located in Mattapan, has 40 units. Both buildings are subsidized through Section 8. The project sponsors acquired the properties from HUD in early 2008 and have since substantially renovated them. The project is being financed through the sale of tax-exempt bonds, which qualifies the project for 4% low-income housing tax credits. The property also qualified for state historic tax credits and federal historic tax credits.