Tag: affordablehousing
BPDA Approves New Affordable Projects
Boston – The Boston Planning & Development Agency (BPDA) board of directors this month approved development projects in neighborhoods across the city of Boston, which will result in new residential units, economic development and jobs. The three, fully affordable residential projects located in Roxbury will bring 79 new income-restricted units and 12 renovated income-restricted units to […]
Fitchburg Affordable Housing Receives Financing
Boston – MassHousing has provided $14.4 million in affordable housing financing to an affiliate of the Barkan Companies, to extend the affordability of the Fitchburg Green affordable housing community in Fitchburg, and make property improvements to the 159-unit property. As a result of the MassHousing financing, affordability protections for lower-income senior citizens and families living […]
Holyoke Housing Community Receives Financing
Boston – MassHousing has closed on $8.9 million in affordable housing financing to an affiliate of Mount Holyoke Management, LLC, to make property improvements at the 127-unit S.C. Hamilton Apartments and extend affordability restrictions at the property for at least 40 years. The S.C. Hamilton Apartments are in four low-rise, brick buildings on adjacent streets […]
Colantonio Chosen for Cambridge Project
Cambridge, MA – General contractor Colantonio Inc. was recently awarded the Roosevelt Towers low-rise modernization project by the Cambridge Housing Authority. The project is a renovation of four three-story buildings with 112 units of affordable housing. Renovations include upgrades to the kitchens, bathrooms and MEP systems and new windows and exterior doors. Colantonio will also […]
Revere Mixed-Income Rental Housing Receives Financing
Boston – MassHousing has committed $7.9 million in affordable housing financing to the non-profit The Neighborhood Developers (TND) for the construction of the 571 Revere Street in Revere. The MassHousing financing will allow The Neighborhood Developers to construct 51 units of new affordable housing for households across a broad range of incomes, including 19 new workforce […]
MassHousing Finances Energy-Efficient Apartments
Boston – MassHousing has provided a total of $4.1 million in affordable housing financing to TLee Development LLC for construction of 14 new energy-efficient apartments on a vacant parcel at 191 Talbot Avenue in Dorchester. All 14 of the apartments will be deed-restricted workforce housing units affordable to moderate-income households. The new building will have […]
Hyannis Rental Housing Secures Loan
Hyannis, MA – MassDevelopment has provided a $1,170,000 loan to the Housing Assistance Corporation (HAC), which the organization will use to construct eight rental housing units at 57 Ridgewood Ave. in Hyannis. All of the units will be year-round housing; six of the units will be rented at market rate and two units will be […]
Leominster Affordable Housing Receives Financing
Boston – MassHousing has provided a total of $15 million in affordable housing financing to an affiliate of Farragut Investments Inc., to undertake substantial property improvements at the 181-unit Whitney Carriage Park apartments in Leominster. The property contains 181 mixed-income apartments across nine former mill buildings and two townhomes. As part of the MassHousing financing, […]
$1.73M in Awards Announced to Support Energy Efficient Construction
Boston – The Baker-Polito Administration announced $1.73 million in awards to support energy efficient new construction for affordable housing developments in six cities and towns built to Passive House standards. The grants, awarded to eight affordable housing developments in Cambridge, Gloucester, Hanson, Northampton, Holbrook and Boston totaling 540 high-efficiency units, provide energy savings and improved […]
RI Bank Funds Three Affordable Housing Projects
Providence, RI – Citizens Bank announced that its Community Development Group has provided $36.5 million in construction loans for three affordable housing projects in Massachusetts. Citizens provided a $17 million loan to 2Life 370 Harvard LLC, an entity sponsored by 2Life Communities, for the construction of 62 units of affordable senior multi-family housing in Brookline. […]
