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Developments > Jaclen Tower

Jaclen Tower

Project at a Glance:
Development Type:
Rental,Senior Housing
MHIC Financing:
$2,667,606 in LIHTC financing
Beacon Communities
Number of Units:

This is a 100-unit elderly housing project, for which MHIC, for which MHIC provided a $2.7 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.