Displaying 91 - 98 of 98

LeClair Village

LeClair Village

Mashpee
MA
United States

LeClair Village will create 39 units of affordable family housing in three newly constructed buildings. The project is led by the Preservation of Affordable Housing in partnership with Housing Assistance Corporation.

Sponsor
POAH and Housing Assistance Corporation
Source
Housing Tax Credits: $9,849,015
Financing Total
$9,849,015
Impact

Affordable Housing Creation: 39 affordable apartments are being created with eight units restricted to households earning at or below 30% of AMI and 31 units restricted to households earning at or below 60% of AMI.

Affordable Housing

Fair Haven Community Health Care

Fair Haven Community Health Care

New Haven
CT
United States

The Fair Haven Community Health Care project includes the construction of a new 33,700 square foot community health center facility for Fair Haven Community Health Clinic.

Sponsor
Fair Haven Community Health Clinic, Inc.
Source
NMTC: $6,014,000
Financing Total
$6,014,000
Impact

Economic Opportunity: Creating 50-60 jobs, all above living wages with benefits; Enhancing Health Outcomes: Capacity to serve 5,600 more patient visits annually.

Healthy Communities

Elizabeth Brook Apartments

Elizabeth Brook Apartments

Stow
MA
United States

The Elizabeth Brook Apartments project includes the renovation of an existing 50 units of affordable elderly housing in six 2-story walkup residential buildings and a 1-story clubhouse building developed in 1983. The project also includes a two-bedroom free-standing, 1-story single family home built in 1915 that will also be renovated. In addition, 37 units will be newly constructed in one 3-story elevator building with common areas.

Sponsor
Stow Elderly Housing Corporation
Source
Loan: $7,000,000
Financing Total
$7,000,000
Impact

Affordable Housing Creation: The preservation of 50 units and the creation of 38 units of restricted affordable rental housing for elderly households aged 62+ with incomes at or below 60% of AMI.

Affordable Housing

Cruz DC New Bedford Acquisitions

Cruz DC New Bedford Acquisitions

New Bedford
MA
United States

Cruz Development Corporation (“Cruz DC”) acquired four vacant parcels in order to develop an 87-unit, scattered site, single LIHTC project. Three of the properties are improved by historic structures and one is a blighted vacant parcel of land.

Sponsor
Cruz Development Corporation
Source
Loan: $1,680,000
Financing Total
$1,680,000
Impact

Affordable Housing Creation: 65 apartments affordable to households earning between 30% AMI and 80% AMI; Neighborhood Revitalization: The project will rehabilitate three vacant historic structures.

Affordable Housing

Agawam Village

Agawam Village

Ipswich
MA
United States

The Agawam Village project involves the rehabilitation and modernization of seven residential buildings originally constructed in 1979 containing a total of 94 units. Three of the buildings contain a total of 14 family townhouse style units and four of the buildings contain 80 total units dedicated to senior households.

Sponsor
Harborlight Homes and Ipswich Housing Authority
Source
Housing Tax Credits: $20,020,678; Loan: $4,150,000
Financing Total
$24,170,678
Impact

Affordable housing preservation: 91 affordable housing units are being modernized, 80 of which serve senior/elderly population.

Affordable Housing

About Fresh

About Fresh

Boston
MA
United States

About Fresh is developing a new South Boston headquarters to facilitate further growth of its Fresh Truck and Fresh Connect programs. Their new headquarters and warehouse will provide ample space for the new employees required to expand Fresh Truck and Fresh Connect to serve more people and families. Additionally, the new space will increase the capacity of About Fresh’s warehouse to better meet the needs of its Fresh Truck program, while remaining near its mobile market locations.

Sponsor
About Fresh
Source
Loan: $988,000
Financing Total
$988,000
Impact

Visibility and healthy produce awareness; affordable healthy food access; addresses food insecurity within community.

Healthy Communities

135 Dudley

135 Dudley

135 Dudley
Boston, MA
United States

Development of a City-owned site in the heart of Nubian Square into two mixed-use and mixed-income buildings containing 170 market and affordable housing units, commercial space and parking garage. The buildings will be located along a newly constructed plaza with improved pedestrian access linking the site to the adjacent Boston Public Library and Boys and Girls Club.

Sponsor
Cruz Development Corporation
Source
Loan: $2,500,000
Financing Total
$2,500,000
Impact

Affordable Housing Creation; Neighborhood Revitalization

Affordable Housing

117 Union Street

117 Union Street

117 Union Street
New Bedford, MA
United States

The project involves the creation of 45 units of mixed-income rental housing for families and individuals through the adaptive reuse of a historic building and new construction of a 5-story building on a vacant parcel.

Sponsor
New Bedford Development Corporation (NBDC)
Source
Housing Tax Credits: $9,499,050
Financing Total
$9,499,050
Impact

Affordable Housing Creation: new construction of 32 units of affordable housing and 13 units of moderate/workforce housing; Downtown Revitalization: the project will complement other recent initiatives in downtown New Bedford, such as streetscape improvements, private redevelopment of historic structures, and other planned investments in New Bedford, including the new commuter rail station that is currently under construction.

Affordable Housing