MassHousing Closes on $11.2 M

Clippership rendering

Boston – MassHousing has closed on a total of $11.2 million in affordable housing financing to WinnCompanies for the development of 22 new rental housing units and 30 new condominiums on the East Boston Waterfront. The Clippership Apartments and Clippership Condominiums will create new homes for households across a broad range of incomes, including 14 new workforce homeownership units in the condominium development.

Clippership rendering

The general contractor will be Cranshaw Construction, the architect is The Architectural Team, and the property manager will be WinnResidential.

The Clippership projects involve the redevelopment of a portion of the Boston Housing Authority’s (BHA) Heritage Apartments public housing community. WinnCompanies will demolish four former Heritage Apartments buildings, which contain 20 units of family public housing, and construct 22 units of replacement affordable rental housing in the Clippership Apartments. The apartment building will include ground-floor retail space, community space and a bicycle storage room.

As part of the redevelopment plan, WinnCompanies will also construct a 30-unit mixed-income homeownership building, the Clippership Condominiums, on-site. The redevelopment project will improve public access to the waterfront from the surrounding Maverick Square neighborhood.

 

 

Take advantage of High-Profile’s current subscription rates now, by signing up for a monthly or annual subscription!

Learn More!