Tag: Affordable Housing

Housing Communities to be Renovated

| July 11, 2018

Bedford, MA – MassHousing has provided a total of $22.4 million in affordable housing financing to an affiliate of Preservation of Affordable Housing (POAH) for the acquisition, rehabilitation and long-term preservation of affordability at the 96-unit Bedford Village and the 14-unit 447 Concord in Bedford. POAH plans to make extensive property renovations to both housing communities. […]

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WinnCo Completes Project In Rochester

WinnCo Completes Project In Rochester

| May 30, 2018

Rochester, NY – WinnCompanies has completed The Landmark at Sibley Square in Rochester, a $28.5 million project to create 72 units of housing affordable for residents 55 and older. The Landmark’s opening, on floors 7 and 8 of the 1.1 million sf building, adds more momentum to the $200 million transformation of Sibley Square to […]

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Vacant Building to Become Housing

Vacant Building to Become Housing

| May 7, 2018

Worcester, MA – MassHousing has closed on a total of $5.1 million in affordable housing financing to support the redevelopment of Worcester’s Central Building. The financing will allow the Central Building Development Group to transform a vacant former office building in downtown Worcester into a new, 55-unit mixed-income housing community that will include 14 workforce […]

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MassHousing Finances 180 Units

MassHousing Finances 180 Units

| April 18, 2018

Lawrence, MA – MassHousing has closed on a total of $28.8 million in financing to Reed Realty Advisors LLC for the creation of a new, 180-unit affordable housing community. A section of the former Pacific Mills cotton complex will be transformed into new mixed-income housing for households with a range of incomes, including 40 workforce housing units […]

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Morris Appointed Executive Director

Morris Appointed Executive Director

| April 16, 2018

Providence, RI – Omni Development Corporation recently announced the selection of Sharon Morris as its new executive director. The board of directors, under the leadership of its board chairman and president, Laurence K. Flynn, conducted a vigorous selection process which fielded over 85 applicants. Morris has worked in the affordable housing industry for 19 years. […]

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Boston Affordable Housing Project Gets Financing

| April 9, 2018

Boston – Citizens Bank recently announced that its Community Development Group has provided an $8 million construction loan to Landfall Community Associates II, LLC, an entity sponsored by the East Boston CDC, for the recapitalization and rehabilitation of 111 units of affordable housing located in East Boston. The multi-site development includes properties at the following […]

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Delphi Holds Ribbon Cutting for Tribune Apartments

Delphi Holds Ribbon Cutting for Tribune Apartments

| March 9, 2018

Framingham, MA – Members of multi-market general contractor Delphi Construction gathered with representatives from Preservation of Affordable Housing (POAH), MassHousing, city and state government officials, and members of the community for a ribbon-cutting ceremony to celebrate the completion of the Tribune Apartments renovations. The scope of work completed by Delphi on Tribune Apartments includes the […]

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Cambridge Housing Authority to Renovate Russell Apartments

Cambridge Housing Authority to Renovate Russell Apartments

| February 22, 2018

Cambridge, MA – MassHousing has provided $13.9 million in financing to an affiliate of the Cambridge Housing Authority to launch an extensive renovation of the Russell Apartments, a 52-unit affordable housing community serving low-income senior citizens and disabled residents. The transaction will also enable the Cambridge Housing Authority to extend affordability at the property for […]

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Worcester Housing Community Will Undergo Major Renovation

Worcester Housing Community Will Undergo Major Renovation

| February 13, 2018

Boston – MassHousing has closed on $16.4 million in affordable housing financing to the WinnCompanies, for the rehabilitation and long-term preservation of the historic 180-unit Wellington Community in Worcester. “WinnCompanies was committed to completing major upgrades to Wellington Community and making sure it remains affordable to its residents for the long term,” said MassHousing Acting Executive Director […]

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Non-Profit Receives Financing For Affordable Housing

Non-Profit Receives Financing For Affordable Housing

| February 7, 2018

Boston –  MassHousing has provided a total of $14.3 million in financing to the nonprofit Fenway Community Development Corporation, for the renovation and preservation of 52 affordable housing units at the Fenway CDC’s Burbank Gardens community in Boston’s Fenway Neighborhood. The MassHousing financing package will enable major renovations at the four-story development and will resolve expiring affordability […]

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