Displaying 19 - 27 of 82

The Village at Park River, Phase IV

The Village at Park River, Phase IV

Hartford, CT
United States

Phase IV of VI to redevelop the Westbrook Village public housing complex, completing five new buildings with 60 apartments designed to meet Passive House certification requirements for energy efficiency. 75% of the homes will be affordable to households 30% and 60% of AMI with 12 reserved for individuals who are unhoused or at risk of becoming unhoused

Sponsor
Pennrose LLC
Source
Loan
Financing Total
$3,520,000
Impact

Affordable housing creation to replace outdated public housing.

Affordable Housing

John J. Meany Senior Housing

John J. Meany Senior Housing

Gloucester, MA
United States

A new development with 44 affordable homes for seniors ages 62+ to be built on the footprint of the former Cape Ann YMCA building. A range of supportive services will be available for residents.

Sponsor
YMCA of the North Shore
Source
Housing and State Tax Credit Investments
Financing Total
$12,607,603
Impact

Affordable rental housing for seniors.

Affordable Housing

Magnolia/Woodford Homes

Magnolia/Woodford Homes

Boston, MA
United States

A first-time developer is building six houses, including one two-family home with a rental apartment, on land owned by Dudley Neighbors, Inc. a community land trust.

Sponsor
KNG Realty Corporation
Source
Construction Loan
Financing Total
$1,881,900
Impact

Affordable housing creation and support of an emerging developer.

Affordable Housing

1599 Columbus Avenue

1599 Columbus Avenue

Boston, MA
United States

New six-story building in Jackson Square within walking distance of the MBTA Orange Line with 65 affordable rentals and 3,156-sq.-ft. of ground floor commercial space.

Sponsor
Urban Edge
Source
Housing and State Tax Credit Investments
Financing Total
$20,885,753
Impact

The development is part of the Jackson Square Redevelopment Initiative, a $250 million plan to revitalize the area, including transit-oriented affordable housing.

Affordable Housing

Maple Woods

Maple Woods

Wenham, MA
United States

45 accessible, affordable homes with supportive services for seniors aged 62+.

Sponsor
Harborlight Homes
Source
Housing and State Tax Credit Investments
Financing Total
$11,613,060
Impact

Affordable housing creation and services for seniors.

Affordable Housing

270 Warren Street

270 Warren Street

Roxbury, MA
United States

New five-story, mixed-income, mixed-use building consisting of 46 family and workforce rental apartments, all affordable from 30% and 120% of AMI, and 4,085-sq.-ft. of ground floor retail space.

Sponsor
Cruz Development Corporation
Source
Loan
Financing Total
$2,080,000
Impact

This is the second phase of Cruz DC’s plan to create affordable housing in Roxbury through acquiring seven contiguous underutilized parcels of land for new construction. This building is adjacent to the Michael E. Haynes Arms building, the first phase, which was also acquired with financing from MHIC.

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

733 Broadway Apartments

733 Broadway Apartments

Lowell, MA
United States

733 Broadway Apartments is the new construction development of 52 affordable housing units, including 3 fully accessible units and 3 visual/hearing impaired units.

Sponsor
Tremont Development Partners LLC
Source
Housing Tax Credits
Financing Total
$13,448,109
Impact

Affordable housing creation: 52 units of affordable rental housing; Neighborhood Revitalization: Investment in Lowell, MA – a Gateway City – which will leverage significant investment in downtown and surrounding areas

Affordable Housing

Warren Hall

Warren Hall

Brighton, MA
United States

Warren Hall is the redevelopment of an existing building to preserve 33 residential units on the upper floors and reduce commercial space on the first floor to create two new residential units and a new lobby. The renovation will repair urgent building problems, replace several building systems, and install new insulation and more efficient HVAC systems.

Sponsor
Allston Brighton CDC and The Schochet Company
Source
Loan
Financing Total
$3,600,000
Impact

Affordable Housing: 31 existing units will be preserved and 2 new units will be created

Affordable Housing