Developments > Parcel 25 Phase 3
A loan to fund predevelopment costs related to the proposed Parcel 25 Phase 3 development, which will create 94 units of mixed-income rental housing for families and individuals in the Roxbury Crossing neighborhood of Boston, MA. The project will contain a mix of affordability and utilize LIHTC Income Averaging: 19 units or 20% reserved for residents earning at or below 30% of AMI; 10 units or 11% reserved for residents earning at or below 50% of AMI; 42 or 45% reserved for residents earning at or below 60% of AMI and 23 or 24% earning at or below 70% of AMI with an average of 55.3% of AMI across the project.
Parcel 25 Phase 3
Project at a Glance:
Location:
Boston
Sponsor:
Mission Hill Neighborhood Housing Services
Number of Units:
94
A loan to fund predevelopment costs related to the proposed Parcel 25 Phase 3 development, which will create 94 units of mixed-income rental housing for families and individuals in the Roxbury Crossing neighborhood of Boston, MA. The project will contain a mix of affordability and utilize LIHTC Income Averaging: 19 units or 20% reserved for residents earning at or below 30% of AMI; 10 units or 11% reserved for residents earning at or below 50% of AMI; 42 or 45% reserved for residents earning at or below 60% of AMI and 23 or 24% earning at or below 70% of AMI with an average of 55.3% of AMI across the project.