Tag: affordablehousing
BPDA Approves Four Residential Projects
Boston – The Boston Planning & Development Agency (BPDA) Board of Directors approved residential development projects in Mattapan, East Boston, South Boston, and Fenway at its January meeting. In total, the projects will create 559 residential units, including 90 income-restricted units, and a fully affordable senior housing development. Development projects are: Grace Apartments – Developed by the […]
Springfield Affordable Housing Community Receives Financing
Boston – MassHousing is providing $50 million in affordable housing financing to Related Companies to refinance and renovate the Chestnut Park Apartments in downtown Springfield. The contractor will be ETC Companies, LLC, the architect is The Architectural Team, and the management agent is Related Management Company. The MassHousing financing will allow Related to preserve affordability at the 489-unit housing […]
Springfield Affordable Housing Community Receives Bond
Springfield, MA – MassDevelopment has issued a $9,190,000 tax-exempt bond on behalf of BH Chestnut Crossing LLC, an affiliate of Home City Development, Inc. (HCDI), which will use bond proceeds to renovate and enlarge rental units at an apartment building at 275 Chestnut St. in Springfield. MassDevelopment also assisted the Massachusetts Department of Housing and […]
Financing Secured for Dorchester Affordable Housing Community
Boston – MassHousing is providing $2.1 million in affordable housing financing from the agency’s Workforce Housing Initiative to support a housing community to be built at 233 Hancock St. in Dorchester, developed by Arx Urban. The general contractor is Haycon. The architect is Rode Architects Inc. and the management agent is Trinity Management LLC. The MassHousing financing will help transform […]
Orient Heights Phase 2 Underway
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 […]
Workforce Housing Development Receives $1.5M in Financing
Boston – MassHousing is providing $1.5 million in affordable housing financing from the Agency’s Workforce Housing Initiative to support the development of the Village at Nauset Green by Pennrose, LLC, a new, 65-unit rental housing community being built on a vacant parcel owned by the Town of Eastham. The MassHousing workforce housing financing will allow the Village […]
O’Connor Way Senior Housing Breaks Ground
Boston – Caritas Communities, a nonprofit providing very low income individuals with permanent housing, broke ground in South Boston on 46 units of affordable housing for seniors. Completion is scheduled for February 2020. The architect is Davis Square Architects of Somerville. The general contractor is Bilt-Rite Construction Inc. of Boston. Caritas Communities was joined by Boston […]
MassHousing Finances $45M Development
Boston – MassHousing has closed on $45.7 million in financing to the Jamaica Plain Neighborhood Development Corporation (JPNDC) for the acquisition, preservation, and renovation of a 201-unit scattered site affordable housing portfolio in Roxbury and Dorchester. JPNDC utilized MassHousing financing to purchase the portfolio of six affordable housing communities, located on 21 scattered sites in Boston, from […]
MassHousing Finances Development
Boston – MassHousing has closed on $45.7 million in financing to the Jamaica Plain Neighborhood Development Corporation (JPNDC) for the acquisition, preservation, and renovation of a 201-unit scattered site affordable housing portfolio in Roxbury and Dorchester. JPNDC utilized MassHousing financing to purchase the portfolio of six affordable housing communities, located on 21 scattered sites in Boston, […]
Fish Sisters Receive Anna Bissonnette Award
Braintree, MA – Peabody Properties, a real estate and property management firm, announced that CEO Karen Fish-Will and COO Melissa Fish-Crane have received the Anna Bissonnette Award from Hearth, Inc. Fish-Will and Fish-Crane accepted the award during the Hearth Inc. annual celebration and award gala, held on Nov. 8 at the Four Seasons Hotel in […]
