Featured Projects

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.

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

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.

35-37 Linden Street is two side by side townhouses offering three affordable rental apartments, located one block from the planned Union Station Green Line Extension T-Stop. The property was acquired by Somerville Community Corporation (SCC) with a $1.2 million acquisition loan from MHIC.

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.

81 S. Huntington is an acquisition of the EnVision Hotel for adaptive reuse and renovation into 41 efficiency units of supportive rental housing.

Welcome Home Boston will include 25 units of affordable ownership housing in three new construction buildings on sites formerly owned by the City of Boston.

The YMCA of the North Shore (YMCA-NS) is using MHIC’s $8.8 million in LIHTC financing to provide 67 affordable homes in Beverly, MA, transforming 45 existing SRO units into efficiency apartments and constructing an additional 22 apartments. The Institution for Savings is the LIHTC investor.

Blue Hill Ave is the new construction development of 30 affordable condominium ownership units and three commercial condominiums on three currently vacant sites formerly owned by the City of Boston on Blue Hill Avenue in Dorchester.