Easton, MA – Construction is underway for the second phase of the redevelopment of the Orient Heights public housing community in Easton.
MassHousing is supporting the project by providing $26 million in financing to Trinity Financial, Inc. and the East Boston Community Development Corporation, the team redeveloping the site with the Boston Housing Authority.
MassHousing supported the first phase of the Orient Heights redevelopment, that resulted in 120 new affordable housing units, with $26.5 million in conduit loan financing.
Phase 2 will demolish 87 aging state-aided family public housing units and construct 88 replacement apartments that will be affordable for lower-income families, with 66 units being state public housing units and 22 units being supported by a project-based Section 8 rental subsidy.
When completed, all 331 units of the redevelopment will be demolished and replaced onsite.
The development team will own and manage the buildings post-development, through a ground lease with the BHA. There will be 25 one-bedroom units, 35 two-bedroom units, 23 three-bedroom units, and five four-bedroom units.
The property is located at 39-69 Vallar Road in East Boston.