Displaying 55 - 63 of 82

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

Village at Park River Phase V

Village at Park River Phase V

Hartford
CT
United States

Village at Park River Phase V includes the new construction of 58 units of affordable and market rate housing. The project is one phase of a six-phase development that includes the overall new construction of over 400 homes.

Sponsor
Pennrose
Source
Loan: $3,000,000
Financing Total
$3,000,000
Impact

Affordable housing creation: 58 mixed-income units (46 affordable); Neighborhood revitalization: redevelopment of Westbrook Village.

Affordable Housing

Geneva Ave Homeownership

Geneva Ave Homeownership

Dorchester, MA
United States

Geneva Ave Homeownership is the new construction development of affordable condominiums including 26 units across 4 buildings with 12 parking spaces.

Sponsor
Norfolk Geneva MacNeil LLC
Source
Loan
Financing Total
$7,000,000
Impact

Affordable Housing Creation: new construction of 26 housing units

Affordable Housing

Haywood House

Haywood House

Newton, MA
United States

New construction of a development with 
55 affordable age-restricted rental homes.

Sponsor
Newton Housing Authority
Source
Housing Tax Credit Investment
Financing Total
$7,904,210
Impact

Revitalizing the northeastern 
corner of Newton, which has a need for 
senior housing and associated services.

Affordable Housing

Whittier Street Phase 2A

Whittier Street Phase 2A

Boston, MA
United States

This initiative seeks to provide healthy, safe, and accessible affordable housing to the Lower Roxbury community and transform the Whittier Street public housing development. Phase 2A consists of the new construction of two buildings with 52 residential units, of which 45 will be LIHTC units and seven will be workforce housing.

Sponsor
Preservation of Affordable Housing (POAH), the Boston Housing Authority, Madison Park Development Corporation, and the Whittier Task Force.
Source
LIHTC Financing
Financing Total
$9,800,000
Impact

The development received federal Choice Neighborhood grants that support locally-driven strategies to address struggling neighborhoods with distressed public or HUD-assisted housing through a comprehensive approach to neighborhood transformation. When completed, the whole development will encompass approximately 386 mixed-income rental apartments and ground floor commercial space in one of the buildings.

Affordable Housing

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