Displaying 73 - 81 of 82

McElwain School Apartments

McElwain School Apartments

Bridgewater, MA
United States

Adaptive reuse of two historic 
buildings, the McElwain School 
and a three-family house, and 
construction of a new building for 
57 rental homes, 51 affordable at 
30-60% AMI.

Sponsor
Capstone Communities LLC and MPZ Development LLC
Source
Construction Loan
Financing Total
$15,000,000
Impact

Creating quality affordable 
housing through new construction 
and historic preservation. 

Affordable Housing

Glen Brook Way Phase I

Glen Brook Way Phase I

Medway, MA
United States

Metro West Collaborative Development is creating 48 affordable rental homes in Medway, MA, the first phase of Glen Brook Way. Phase I of the project includes the development of four buildings on one 3.2-acre site. The buildings will provide 17 one-bedroom units, 20 two-bedroom units, and 11 threebedroom units, as well as parking. Five units will be fully accessible. Community amenities include a tot lot, bicycle parking, laundry facilities in every building and ample storage. Upon completion of Phase II, all residents will have access to a community room with a kitchen, patio, and barbecue area.

Sponsor
Metro West Collaborative Development
Source
LIHTC Financing
Financing Total
$8,900,000
Impact

This project responds to the scarcity of affordable housing and long waiting lists for rentals in Medway; when both phases are complete, the town will exceed the state’s minimum target.

Affordable Housing

Van der Heyden

Van der Heyden

Springfield
MA
United States

The Van Der Heyden project involves the preservation of a single high rise multifamily building containing 45 units.

Sponsor
Valley Management, Inc.
Source
Housing Tax Credits: $8,775,031; Loan: $115,907
Financing Total
$8,890,938
Impact

Affordable Housing Preservation: 45 units of housing for very- and extremely-low-income households.

Affordable Housing

Elmont Norwell

Elmont Norwell

Dorchester, MA
United States

The Elmont Norwell Scattered Sites are 15 housing units across 9 redeveloped scattered-site, vacant, city-owned parcels, including 9 affordable single-family and duplex homeownership units, 3 owner-occupied buildings each with 1 rental unit (3 rental total).

Sponsor
Norfolk Scattered Sites, LLC
Source
Loan
Financing Total
$3,808,463
Impact

Affordable Housing Creation: redeveloping 9 vacant sites into 15 units of affordable housing

Affordable Housing

Anchor Point

Anchor Point

Beverly, MA
United States

New construction containing 38 affordable homes, phase 1 of a larger initiative which 
will offer 39 additional homes and a community/education center. 

Sponsor
Harborlight Community Partners
Source
Housing Tax Credit Investment
Financing Total
$7,950,705
Impact

Quality affordable housing and community revitalization.

Affordable Housing

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