Displaying 55 - 63 of 82

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

22 Elm Street

22 Elm Street

Worcester, MA
United States

22 Elm Street is the revitalization of an existing downtown Worcester office building into 22 affordable homeownership condominiums.

Sponsor
Planning Office for Urban Affairs
Source
Loan
Financing Total
$1,900,000
Impact

Affordable housing creation: 22 homeownership condominiums

Affordable Housing

Residences at the Vault

Residences at the Vault

Springfield, MA
United States

Residences at the Vault is the adaptive reuse of the former Land Bank Building at 310 State Street and the renovation of an existing apartment building on Worthington Street in Springfield into 60 units of affordable rental housing.

Sponsor
First Resource Development Company
Source
Loan
Financing Total
$11,250,000
Impact

Affordable Housing Creation: 60 units of rental housing

Affordable Housing

Edith Johnson Tower Apartments

Edith Johnson Tower Apartments

New Haven, CT
United States

Preservation of 95 affordable apartments 
for seniors in an existing high-rise 
complex. 

Sponsor
Beacon Communities Development LLC
Source
Housing Tax Credit Investment
Financing Total
$4,586,964
Impact

 Preservation of affordable 
housing.

Affordable Housing

23 Laurel Street

23 Laurel Street

Northampton, MA
United States

23 Laurel Street is the new construction development of 20 units of affordable rental housing across seven townhouse buildings.

Sponsor
Valley Community Development Corporation
Source
Housing Tax Credits
Financing Total
$5,440,056
Impact

Affordable Housing Creation: new construction of 20 units of affordable housing

Affordable Housing

Mason Square Apartments II

Mason Square Apartments II

Springfield, MA
United States

Two vacant historic buildings – the Indian Motorcycle Manufacturing Company and the Mason Square Firehouse – were rehabilitated to create 60 new affordable rental apartments in the Mason Square area of Springfield, MA. MHIC long-time partner First Resource Company converted the 55,000-square-foot manufacturing building into 45 apartments, and the former fire station contains 15 apartments.

Sponsor
First Resource Development Company
Source
Loan
Financing Total
$16,100,000

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

Village at Park River Phase IV

Village at Park River Phase IV

Hartford, CT
United States

Village at Park River Phase IV is the new construction development of 60 units including 45 LIHTC and 15 market rate units and is part of a larger six-phase redevelopment with 400+ units.

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

Affordable housing creation: 60 mixed-income units (45 affordable); Neighborhood revitalization: redevelopment of Westbrook Village

Affordable Housing

Great Bridge Baker Brooks Apartments

Great Bridge Baker Brooks Apartments

Lunenburg, MA
United States

Achieved through $9 million in construction financing from MHIC and The Life Initiative, Great Bridge Properties (GBP) constructed a four-story L-shaped elevatored building containing 70 units of affordable rental housing for adults who are 55 and older. The development will be located on the TriTown Landing master site, an 8.7-acre site that has been developed in phases by GBP over the past decade. The first three phases consisted of 131 units of affordable family housing in four three-story buildings. Baker Brook is the last phase of the development.

Sponsor
Great Bridge Properties
Source
Construction Loan
Financing Total
$9,000,000
Impact

The property will have significant green features, such as plumbing and electrical components which meet the Silver LEED standard. The complex will have a small fitness center, an open two-story community room, and an outdoor patio.

Affordable Housing