Displaying 73 - 81 of 82

Westminster Senior Residence

Westminster Senior Residence

Westminster, MA
United States

Westminster Senior Residence is the new construction development of 50 affordable senior LIHTC apartment units, with 5 units set-aside for homeless individuals, 3 set-aside for disabled individuals, and 2 set-aside for individuals with mental health challenges.

Sponsor
Commonwealth Community Developers LLC and CCD Capital LLC
Source
Housing Tax Credits
Financing Total
$10,729,722
Impact

Affordable Housing Creation: 50 new senior LIHTC units

Affordable Housing

Granite Lena Park Apartments

Granite Lena Park Apartments

Boston, MA
United States

Constructed circa 1900, the seven buildings that make up Granite Lena Park Apartments provide stable housing for extremely low and low-income households. Acquired by Lena Park Community Development Corporation (Lena Park) from HUD in 1988, the properties have not had a major rehabilitation since the late 1980s. The properties are spread over about one-half mile, with some of the sites located along Blue Hill Avenue facing Franklin Park, part of Boston’s “Emerald Necklace.” The apartments are 100% affordable and of varying sizes, from one to four bedrooms. The larger apartments are particularly important as they provide much-needed family housing in the neighborhood.

Sponsor
Lena Park Community Development Corporation
Source
LIHTC Financing
Financing Total
$18,100,000
Impact

Affordable housing preservation.

Affordable Housing

Merrimack Corner

Merrimack Corner

Haverhill
MA
United States

Merrimack Corner is the new construction of 48 units of affordable rental housing for seniors. The development will include a newly constructed 5-story building on vacant land adjacent to the existing Merrivista property, a senior residential building owned by Bethany Community Services.

Sponsor
Bethany Community Services
Source
Housing Tax Credits: $9,599,040
Financing Total
$9,599,040
Impact

Affordable Housing Creation: 48 new affordable rental housing units for seniors.

Affordable Housing

Catalyst Housing

Catalyst Housing

Lynn, MA
United States

Catalyst Housing is an adaptive reuse of existing commercial space into 23 permanent supportive housing units for youth aged 18-24 experiencing homelessness and 1 live-in Resident Manager unit.

Sponsor
Harborlight Community Partners, Inc., Haven Project, and East Coast International Church
Source
Housing Tax Credits
Financing Total
$6,328,277
Impact

Affordable housing creation: 23 new permanent supportive LIHTC units for homeless young adults

Affordable Housing

92 Grand Street

92 Grand Street

Worcester, MA
United States

Revitalizing a former mill section of Main 
South in Worcester by transforming a 
vacant parcel into an affordable housing 
development offering 48 affordable 
homes.

Sponsor
Main South Community Development Corporation
Source
Housing Tax Credit Investment
Financing Total
$8,470,152
Impact

 Community revitalization by 
activating the empty lot to create new 
affordable housing.

Affordable Housing

Finch Cambridge/Concord Highlands

Finch Cambridge/Concord Highlands

Cambridge, MA
United States

Finch Cambridge (formerly called Concord Highlands), developed by Homeowner’s Rehab, Inc., was the largest new construction, affordable housing community to be built in Cambridge in over 40 years. Located across from Fresh Pond in the Alewife area, the development provides 98 apartments that are affordable to low, moderate, and middle-income households. Finch Cambridge provides crucial affordable rental apartments in this area of Cambridge, which is a Designated Area of Opportunity and is transforming from an industrial and manufacturing district into a new mixed-use neighborhood.

Sponsor
Homeowner's Rehab, Inc.
Source
LIHTC Financing
Financing Total
$9,700,000
Impact

Affordable housing creation.

Affordable Housing

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

Cheney Homes

Cheney Homes

Roxbury, MA
United States

Cheney Homes is the new construction development of a single building with 48 affordable apartment units for seniors (55+) and a first-floor community service facility in which resident services and Program of All-inclusive Care for the Elderly (“PACE”) services will be offered.

Sponsor
Jamaica Plain NDC
Source
LIHTC: $13,448,109 Loan: $2,000,000
Financing Total
$15,448,109
Impact

Affordable Housing Creation: 48 new units of service-rich affordable housing in Boston's Grove Hall neighborhood, which has very few existing units that meet the needs of low-income seniors

Affordable Housing

191 Bowdoin Street

191 Bowdoin Street

Boston, MA
United States

New construction of a four-story 
affordable housing development in the 
Bowdoin-Geneva area of Dorchester with 
41 apartments, first floor commercial 
space to house the Dorchester 
Community Food Co-op, and an open 
plaza. 

Sponsor
Vietnamese American Initiative for Development (VietAID)
Source
Housing Tax Credit Investment
Financing Total
$8,486,151
Impact

Implements the community 
vision of the Mid-Dorchester Action Plan 
to revitalize the neighborhood, bringing 
quality affordable housing, access to 
fresh food, and increased economic 
opportunity through convenient 
transportation to employment options.

Affordable Housing