Developments > Summerhill Glen
This is a 120-unit elderly rental housing development which occupies nearly 10 acres and consists of five buildings. MHIC provided a $3.4 million low-income housing tax credit investment It's one of the 4 Beacon Communities' properties. The properties are part of a portfolio of four rental properties consisting of a total of 351 housing units in eastern Massachusetts developed by Beacon Communities Services. With TD Bank as the investor, MHIC provided a total $10.2 million low-income housing tax credit investment to enable the developer to acquire and renovate the properties and preserve them as affordable.
Summerhill Glen
Project at a Glance:
Location:
Maynard
Development Type:
Rental,Senior Housing
MHIC Financing:
$3,361,438 in LIHTC financing
Sponsor:
Beacon Communities
Number of Units:
120
This is a 120-unit elderly rental housing development which occupies nearly 10 acres and consists of five buildings. MHIC provided a $3.4 million low-income housing tax credit investment It's one of the 4 Beacon Communities' properties. The properties are part of a portfolio of four rental properties consisting of a total of 351 housing units in eastern Massachusetts developed by Beacon Communities Services. With TD Bank as the investor, MHIC provided a total $10.2 million low-income housing tax credit investment to enable the developer to acquire and renovate the properties and preserve them as affordable.