Displaying 10 - 18 of 82

Windrush Commons

Windrush Commons

Great Barrington, MA
United States

A new affordable housing community with 49 apartments in five buildings within walking distance of public transportation, grocery stores, and other services. Windrush Commons will also preserve six acres of open space through a conservation restriction.

Sponsor
Way Finders and the Community Development Corporation of South Berkshire, Inc.
Source
Housing Tax Credit Investment
Financing Total
$9,149,085
Impact

Affordable housing creation in a walkable area near amenities and transportation.

Affordable Housing

Voces De Esperanza

Voces De Esperanza

Holyoke, MA
United States

Renovate and preserve 36 homes, converting an existing retail space for a total of 37 100% affordable homes. The development is in two separate buildings in the central area of Holyoke.

Sponsor
Valley Opportunity Council
Source
Housing Tax Credit Investment
Financing Total
$7,336,804
Impact

Affordable housing preservation.

Affordable Housing

Sussman House Apartments

Sussman House Apartments

Brookline, MA
United States

Rehabilitate a nine-story housing development near Coolidge Corner. Currently home to seniors and disabled households, the 100 apartments will continue to house these residents after the renovations and will be 100% affordable.

Sponsor
Brookline Housing Authority
Source
Housing Tax Credit Investment
Financing Total
$36,442,562
Impact

Affordable housing preservation in an area of opportunity.

Affordable Housing

Knox Residences, Phase I and II

Knox Residences, Phase I and II

Springfield, MA
United States

Vacant for over 70 years and on Preservation Massachusetts’ “most endangered” historic resources list, a building once housing The Knox Automobile Company in the Mason Square neighborhood of Springfield will be rehabilitated. Knox I will create 55 affordable homes in the northern section of the building, built in 1891, retaining its historic character. It will include an adjacent new office/maintenance building and ample parking on lots to the west and across the street. Phase II, in the southern section built in 1910, will create 41 additional affordable homes for a total community of 96 affordable apartments.

Sponsor
First Resource Development Company
Source
MHIC LLC
Financing Total
$16,500,000
Impact

Revitalization of the Mason Square neighborhood by transforming a historic building to create affordable housing.

Affordable Housing

East Gables

East Gables

Amherst, MA
United States

Construction of 28 affordable studio rentals in a new three-story building adjacent to Amherst College serving individuals who are homeless or at risk of homelessness, have mental health challenges, or have low and moderate incomes.

Sponsor
Valley Community Development Corporation
Source
Housing Tax Credit Investment
Financing Total
$4,282,177
Impact

Affordable housing creation in an area of opportunity to meet the needs of vulnerable populations.

Affordable Housing

35 Brookley Road

35 Brookley Road

Boston, MA
United States

Four-story, mixed-income, multi-family residential building with 45 homeownership condominiums, affordable between 80% AMI and 120% of AMI.

Sponsor
Traggorth Companies and Jamaica Plain Neighborhood Development Corporation
Source
Acquisition Loan
Financing Total
$3,220,000
Impact

Supports the creation of much needed moderately priced homeownership opportunities in this neighborhood.

Affordable Housing

25 Sixth Street

25 Sixth Street

Chelsea, MA
United States

Redevelop an industrial site adjacent to the MBTA Silver Line Station, offering 56 new mixed-income rental homes for families.

Sponsor
The Neighborhood Developers, Inc.
Source
Housing and State Tax Credit Investments
Financing Total
$13,550,400
Impact

Affordable and mixed-income housing creation on an underutilized property near public transit.

Affordable Housing

Granite Street Crossing

Granite Street Crossing

Rockport, MA
United States

Transform a vacant site formerly containing a greenhouse operation into 23 new affordable multi-generational homes. Seventeen studio apartments for seniors will be provided in one building; six townhomes will offer affordable housing for families in two separate buildings.

Sponsor
Harborlight Homes
Source
Housing Tax Credit Investment
Financing Total
$5,621,018
Impact

Affordable housing creation for families and seniors.

Affordable Housing

Whipple Real Estate, LLC

Whipple Real Estate, LLC

Haverhill
MA
United States

Acquisition financing for a 6-unit multifamily property. All the units are large 1-bedroom,1-bathroom apartments with below market rents. Two of the units will be reserved for tenants with Section 8 vouchers.

Sponsor
Ayman El-Kattan & Sirine Saleem
Source
Loan: $637,500
Financing Total
$637,500
Impact

Affordable Housing; Strengthening Minority Businesses

Affordable Housing