Displaying 37 - 45 of 82

Greenstead Grove

Greenstead Grove

Ludlow, MA
United States

Greenstead Grove is the new construction development of 43 units of affordable rental housing in seven buildings and a community center.

Sponsor
Way Finders, Inc.
Source
LIHTC: $9,478,452 Loan: $6,950,000
Financing Total
$16,428,452
Impact

Affordable Housing Creation: new construction of 43 units of affordable housing

Affordable Housing

Sanderson Place

Sanderson Place

Sunderland, MA
United States

Renovation and new construction of affordable housing with 33 homes for residents 
ages 62 and up. Maintains the historic character of North Main Street by preserving 
the exterior street-facing façade of an existing historic house and building a new 
structure set back from the streetscape

Sponsor
Rural Development, Inc.
Source
Housing Tax Credit Investment
Financing Total
$6,986,231
Impact

 Increasing affordable senior housing in a rural area.

Affordable Housing

Yarmouth Gardens

Yarmouth Gardens

Yarmouth, MA
United States

Located on Main Street in Yarmouth, the construction site contained an obsolete motel which was demolished. When complete, the Residences at Yarmouth Gardens will be a pair of new two-story buildings, offset from each other and oriented perpendicular to Route 28 so only the narrowest façade faces the street. The buildings are designed to be highly efficient in use of energy and water. The property will also include a new bus shelter, a small playground, covered bicycle racks, and patio space at the rear of the property. When complete, there will a 7.6% increase in affordable housing available in the town.

Sponsor
Commonwealth Community Developers
Source
LIHTC Financing
Financing Total
$7,100,000
Impact

Yarmouth, one of the most desirable real estate markets in MA, is located Mid Cape, considered the commercial and industrial center of the region. This development is the result of a local effort to upgrade substandard properties to make year-round residency on the Cape attractive and affordable.

Affordable Housing

Marzuq Muhammad Plaza II

Marzuq Muhammad Plaza II

Boston, MA
United States

Marzuq Muhammad Plaza II is the development of a single, 4-story, new construction building divided into two master condominium units, a residential condominium that will consist of 18 affordable homeownership condominiums and a 3,000-sf ground-floor commercial condominium. The ground-floor space will be subdivided into two commercial ownership condominium spaces.

Sponsor
MTK Development LLC
Source
Loan
Financing Total
$500,000
Impact

Affordable Housing Creation: new construction of 18 condominiums

Affordable Housing

Roadway Apartments

Roadway Apartments

Brockton, MA
United States

Conversion of The Rodeway Inn, a 40,000 
SF motel, into 69 SRO apartments with 
rents affordable for households at or 
below 30% AMI for individuals who are 
homeless or at risk of becoming homeless. 

Sponsor
Father Bill's and MainSpring
Source
Housing Tax Credit Investment
Financing Total
$2,815,855
Impact

 Affordable housing with supportive 
services for formerly homeless individuals.

Affordable Housing

Holtzer Park

Holtzer Park

Boston, MA
United States

Holtzer Park will offer 62 new affordable rental apartments to the Jamaica Plain/Roxbury neighborhoods of Boston. The project is part of the multi-phased masterplan to construct three new affordable housing buildings and redevelop 125 Amory Street, an existing affordable senior housing complex with 199 homes.

Sponsor
Urban Edge Housing Corporation
Source
LIHTC Financing
Financing Total
$11.3 million
Impact

Affordable housing creation.

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

Parcel 25 Phase 3

Parcel 25 Phase 3

Boston, MA
United States

Parcel 25 Phase 3 consists of the new construction of a single, 117,377 gsf 6-story building with 94 units of LIHTC rental housing above a one-story surface level garage. The building is immediately adjacent to Roxbury Crossing Orange Line MBTA station and bus stop and just across the tracks from the Southwest Corridor linear park and bike path.

Sponsor
Mission Hill Neighborhood Housing Services, Inc.
Source
Loan
Financing Total
$200,000
Impact

Affordable Housing Construction: new construction of 94 units of LIHTC rental housing

Affordable Housing

Baystate Place

Baystate Place

Springfield, MA
United States

Renovation of a high-rise apartment 
complex built in 1974 providing 346 
affordable rental homes.

Sponsor
Beacon Communities Development LLC
Source
Housing Tax Credit Investment
Financing Total
$27,455,213
Impact

 Updating and preserving an 
existing housing development offering 
significant numbers of affordable rentals.

Affordable Housing