Financing Closed on Roslindale House

Roslindale House

Boston – MassHousing has closed on $13.2 million in affordable housing financing to Roslindale Senior Housing Corporation, an affiliate of Rogerson Communities, for the refinancing, renovation and extension of affordability for at least 26 years for senior citizens living at the 84-unit Roslindale House located at 120 Poplar St.

Some of the  improvements planned for the property are new windows, upgrading the elevator controller and cab interior, masonry, granite stair repairs, adding some parking spots to the receiving area, border fence replacement, upgraded toilets as needed, and hallway carpeting replacement for three floors. Roslindale House, which is managed by Rogerson Communities, has 36 studio apartments, 47 one-bedroom apartments, and one two-bedroom apartment and it also has a community room and laundry area.

Roslindale House is a former high school originally built in the early 1920s that was converted to affordable supportive senior housing in 1986 under the federal Section 202 Program. Roslindale Senior Housing will extend the federal Section 8 Housing Assistance Payment contract on 83 apartments for 20 years when the current contract expires in six years. The remaining unit is occupied by on-call maintenance staff.

Roslindale House was refinanced through MassHousing’s Multifamily Accelerated Processing (MAP)/Ginnie Mae Joint Venture Initiative with lender partner Rockport Mortgage Corporation.