Displaying 28 - 36 of 82

Dudley Terrace Apartments

Dudley Terrace Apartments

Dorchester, MA
United States

Dorchester Bay Economic Development Corporation (DBEDC) is sponsoring the renovation and preservation of Dudley Terrace Apartments, five buildings containing 56 apartments scattered throughout the Uphams Corner and Savin Hill neighborhoods of Dorchester. These buildings, one of which is a historic preservation property, have been long-term homes for many of the residents. Originally constructed between 1890 and 1925, the buildings range from three to four stories, and include a mix of one, two, and three-bedroom apartments totaling over 57,000 square feet. They are within easy reach of public transportation and major routes, and one property includes a neighborhood market on the ground floor. The project renovations include major upgrades to the occupied spaces, improved ventilation, windows, and exterior repairs.

Sponsor
Dorchester Bay Economic Development Corporation
Source
LIHTC Financing
Financing Total
$4,700,000
Impact

Affordable housing creation and preservation.

Affordable Housing

Rosewood Way

Rosewood Way

Agawam
MA
United States

The Rosewood Way project comprises the new construction of 10 townhome-style buildings containing 62 units, and a standalone community building. The project will increase the supply of affordable and mixed-income housing in a suburban area with a high demand for affordable rental housing, but limited affordable housing stock.

Sponsor
Way Finders Inc.
Financing Total
$10,503,950
Impact

Affordable Housing Creation: 47 LIHTC and 10 workforce units.

Affordable Housing

Curtis Apartments Phase I

Curtis Apartments Phase I

Worcester, MA
United States

Curtis Apartments Phase I includes the demolition of 3 existing buildings containing 90 units and current property management offices to construct 129 new residential rental apartments.

Sponsor
Trinity Financial, Inc.
Source
Housing Tax Credits
Financing Total
$41,366,420
Impact

Affordable Housing Preservation and Expansion: new construction of 129 rental apartments; Downtown Revitalization: Revitalizing the Great Brook Valley neighborhood; Access to Opportunities: The location provides ready access to the job center of Central Massachusetts educational opportunities

Affordable Housing

McElwain School Apartments

McElwain School Apartments

Bridgewater, MA
United States

Adaptive reuse of two historic 
buildings, the McElwain School 
and a three-family house, and 
construction of a new building for 
57 rental homes, 51 affordable at 
30-60% AMI.

Sponsor
Capstone Communities LLC and MPZ Development LLC
Source
Construction Loan
Financing Total
$15,000,000
Impact

Creating quality affordable 
housing through new construction 
and historic preservation. 

Affordable Housing

Glen Brook Way Phase I

Glen Brook Way Phase I

Medway, MA
United States

Metro West Collaborative Development is creating 48 affordable rental homes in Medway, MA, the first phase of Glen Brook Way. Phase I of the project includes the development of four buildings on one 3.2-acre site. The buildings will provide 17 one-bedroom units, 20 two-bedroom units, and 11 threebedroom units, as well as parking. Five units will be fully accessible. Community amenities include a tot lot, bicycle parking, laundry facilities in every building and ample storage. Upon completion of Phase II, all residents will have access to a community room with a kitchen, patio, and barbecue area.

Sponsor
Metro West Collaborative Development
Source
LIHTC Financing
Financing Total
$8,900,000
Impact

This project responds to the scarcity of affordable housing and long waiting lists for rentals in Medway; when both phases are complete, the town will exceed the state’s minimum target.

Affordable Housing

Van der Heyden

Van der Heyden

Springfield
MA
United States

The Van Der Heyden project involves the preservation of a single high rise multifamily building containing 45 units.

Sponsor
Valley Management, Inc.
Source
Housing Tax Credits: $8,775,031; Loan: $115,907
Financing Total
$8,890,938
Impact

Affordable Housing Preservation: 45 units of housing for very- and extremely-low-income households.

Affordable Housing

Elmont Norwell

Elmont Norwell

Dorchester, MA
United States

The Elmont Norwell Scattered Sites are 15 housing units across 9 redeveloped scattered-site, vacant, city-owned parcels, including 9 affordable single-family and duplex homeownership units, 3 owner-occupied buildings each with 1 rental unit (3 rental total).

Sponsor
Norfolk Scattered Sites, LLC
Source
Loan
Financing Total
$3,808,463
Impact

Affordable Housing Creation: redeveloping 9 vacant sites into 15 units of affordable housing

Affordable Housing

Anchor Point

Anchor Point

Beverly, MA
United States

New construction containing 38 affordable homes, phase 1 of a larger initiative which 
will offer 39 additional homes and a community/education center. 

Sponsor
Harborlight Community Partners
Source
Housing Tax Credit Investment
Financing Total
$7,950,705
Impact

Quality affordable housing and community revitalization.

Affordable Housing

Parcel 25 Phase II

Parcel 25 Phase II

Boston, MA
United States

Parcel 25 Phase 2 is a new five-story building with 46 affordable rental apartments in the Mission Hill neighborhood of Boston. Located directly across from the Roxbury Crossing MBTA station, the development is the second of a three-phased affordable housing project at Parcel 25 undertaken by Mission Hill Neighborhood Housing Services, Inc. (MHNHS). Eastern Bank and Boston Private were the investors. Phase 2, located at 1 Halleck Street, consists of the construction of 46 affordable rental homes. The development will include a 29-space parking garage and a community room on the first floor of One Gurney Street, immediately across from 1 Halleck Street.

Sponsor
Mission Hill Neighborhood Housing Services
Source
LIHTC Financing
Financing Total
$12,600,000
Impact

Affordable housing creation.

Affordable Housing