Tag: affordablehousing
Lowell Affordable Housing Receives Financing
Lowell, MA – MassDevelopment has participated with Washington Savings Bank to provide a $3,062,700 loan to Residence at Mill Square LLC, an affiliate of Degmar Development Corp. Degmar used proceeds to buy a parcel at 27 West Third St. in Lowell, on which it is building a 21-unit affordable rental housing facility to be called […]
Energy-Efficient Cohousing Receives Financing
Northampton, MA – MassDevelopment has partnered with Greenfield Savings Bank to provide Sunwood Builders, Inc. and Sunwood Development Corporation with loan financing for Village Hill Cohousing (VHC), an energy-efficient cohousing community under construction at Village Hill Northampton. Village Hill Cohousing broke ground in late 2018, and, once completed, will include a common house and 28 […]
Solis Joins SSHH Board
Weymouth, MA – South Shore Habitat for Humanity, which has delivered quality housing in partnership with families in need for more than 33 years, has named Susan Solis to its board of directors. In this role, Solis will work with the other board members and Executive Director Martine Taylor to further the organization’s work to […]
Loan Secured for Yale Acres Redevelopment
Gloucester, MA – Rockport Mortgage of Gloucester announced the closing of a $26.6 million, HUD 221(d)(4) substantial rehabilitation loan in Meriden, Conn. Yale Acres is a 162-unit affordable housing community originally constructed in 1952 by the Meriden Housing Authority (MHA). The borrower, Yale Acres LLC of Meriden, Conn., is an affiliate of Maynard Road Corporation, […]
State Funding Awarded to Swampscott Senior Housing
Brighton, MA – On July 18, Governor Charlie Baker and Undersecretary Janelle Chan of the Massachusetts Department of Housing and Community Development (DHCD), announced the 2019 annual affordable rental housing funding awards. B’nai B’rith Housing’s Senior Residences at the Machon development was one of the 28 funding recipients. The complete list of funded projects was […]
QA+M Architecture Honored by NAHRO
Farmington, CT – QA+M Architecture has been honored by The National Association of Housing and Redevelopment Officials (NAHRO) with a 2019 Award of Merit for the Foran Towers Revitalization project. Foran Towers is a five-story, 42-unit affordable housing development built in the mid-1960s in Milford. The project was celebrated at the annual NAHRO conference on […]
Peabody Housing Community to Remain Affordable for Residents
Boston – MassHousing has closed on $49.3 million in affordable housing financing to WinnCompanies to preserve affordability for lower-income households at The Tannery in Peabody. WinnCompanies purchased the 284-unit affordable housing community under Chapter 40T, preventing the conversion of affordable apartments to market rates and protecting the tenancies of dozens of low-income residents. The MassHousing financing […]
North 116 Flats Housing Community in Development
Sunderland, MA – Dallas, Texas-based Fountain Residential Partners, in a joint venture with HC2 Capital, announced the development of its first housing community in Massachusetts, North 116 Flats. Located at 653 Amherst Road in Sunderland, the property is located just north of the town of Amherst and the UMass Campus, and will provide 150 units […]
Callahan Announces Groundbreaking
Cambridge, MA – Callahan Construction Managers announced the groundbreaking of Squirrelwood Apartments, a 12-building, 88-unit affordable housing development owned by Just-A-Start Corporation. Callahan and Davis Square Architects were tasked to renovate the 10 existing buildings and execute the design and construction of two new infill buildings, along with an addition to an existing building. The […]
BPDA Board Approves Projects
Boston – The Boston Planning & Development Agency (BPDA) Board of Directors approved development projects in June that will create an additional 324 residential units, including 39 income-restricted units, and 717 trade jobs, 572 direct jobs and 382 indirect and induced jobs. The Dock Square Garage project will add 200 residential units, including 27 income-restricted, […]
