Tag: affordablehousing
Cambridge Affordable Housing Receives Bond
Cambridge, MA – MassDevelopment has issued a $30.5 million tax-exempt bond on behalf of Roosevelt Towers Family LLC, an affiliate of the Cambridge Housing Authority (CHA), which will use bond proceeds to renovate and preserve Roosevelt Towers Low Rise, a 112-unit affordable multifamily rental housing facility in Cambridge. In addition to the tax-exempt bond, MassDevelopment […]
Newton Affordable Housing Receives Financing
Boston – MassHousing has provided $8.1 million in affordable housing financing to the non-profit Newton Community Development Foundation (NCDF), to preserve and extend the affordability for lower-income senior citizens for at least 20 years at the 43-unit Casselman House in Newton. NCDF refinanced Casselman House through MassHousing’s Multifamily Accelerated Processing (MAP)/Ginnie Mae Joint Venture Initiative with lender partner Rockport Mortgage Corporation. MassHousing offers the MAP/Ginnie Mae loan program to the owners […]
Passive Housing Project Continues in Cambridge
Cambridge, MA – Callahan Construction Managers (Callahan) announces construction of the Squirrelwood Apartments, a 12-building, 88-unit affordable housing development located in Cambridge, has resumed after a temporary shutdown due to the COVID-19 pandemic. The project is progressing rapidly and is poised to be completed in 2021. Owned by Just-A-Start Corporation, Callahan and Davis Square Architects […]
Roxbury Affordable Housing Receives Financing
Boston – MassHousing has closed on $25.25 million in affordable housing financing, to an affiliate of Vitus, for the preservation and rehabilitation of 82 affordable housing units in Roxbury. Vitus will utilize the MassHousing financing to combine a pair of Roxbury affordable housing communities, the Fort Hill Gardens and Esperanza Trust properties, into a single development entity, make substantial capital improvements […]
Passive House Standards Define Beacon Communities Project
Boston – At one of the nation’s oldest federal public housing developments, a new apartment community for low-income seniors will offer some of the most comfortable and efficient rental homes available anywhere, thanks to the innovative methods of Passive House construction. Designed by The Architectural Team (TAT) for Beacon Communities Development, the new, 55-unit expansion […]
Workforce Housing Community Receives Financing
Boston – MassHousing has closed on $1.3 million in affordable workforce housing financing to Austin Street Partners LLC, for the new, 68-unit 28 Austin Street in Newton, which offers 23 workforce housing apartments for lower- and moderate-income households. The recently completed 28 Austin Street development is a public-private partnership between Austin Street Partners, a joint venture of Dinosaur Capital Partners and Oaktree Development, […]
Precast Concrete is a Great Solution for Affordable Housing
by Rita L. Seraderian Can Precast Concrete Systems Reduce Inefficient Construction in Affordable Housing? The nation is struggling with a housing affordability crisis where income growth can’t keep pace with skyrocketing housing prices, forcing the construction industry to grapple with cost cutting measures. Housing affordability varies across the country, but the two main factors that […]
Kaplan Wraps Up Three Multi-Family Projects
Boston – Kaplan Construction, a WBE general contractor and construction management firm in Boston, announced that it has recently completed construction on three multi-family projects in Boston and Brookline which have brought 87 new residential units to market. Fenway’s Audobon Circle After demolishing an existing two-story building, Kaplan oversaw the construction of a new 55,665sf, five-story […]
Shingle by Shingle
by Brent Maugel Eric Bibb, a blues artist, wrote a song called “Shingle by Shingle” and sings, “I’m fixing up the roof, shingle by shingle… got water in the well and I’m grateful.” We can be grateful that for most designers in New England, our pipelines are full, our own “water in the well.” But […]
WIC Profile: Elizabeth Collins
Submitted by Peabody Properties Elizabeth (Betsy) Collins is vice president of development at Peabody Properties, a full-service real estate firm managing more than 13,000 housing units, primarily in New England. Since joining Peabody Properties 15 years ago, Betsy has been responsible for the successful development or repositioning of more than $550 million of completed affordable […]
