Displaying 37 - 45 of 52

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

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

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

Prospect Estates Resyndication

Prospect Estates Resyndication

Webster
MA
United States

The Prospect Estates Resyndication project involves the historic rehabilitation of two mid-rise multifamily buildings. The development will preserve 25 units of affordable housing.

Sponsor
Affordable Housing Services Collaborative, Inc.
Source
Housing Tax Credits: $6,148,781; Loan: $147,614
Financing Total
$6,296,395
Impact

Affordable Housing Preservation: 25 units of housing for 30% AMI, 50% AMI, and 60% AMI households.

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

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

275 Chestnut Supportive Housing

275 Chestnut Supportive Housing

Springfield, MA
United States

275 Chestnut Supportive Housing is the adaptive reuse of existing commercial space into 29 units of affordable rental housing within the Chestnut Crossing building. The project will feature integrated supportive services for chronically homeless residents.

Sponsor
Home City Development, Inc.
Source
Housing Tax Credits
Financing Total
$6,149,613
Impact

Affordable Housing Creation: new construction of 29 units of affordable housing

Affordable Housing