Tag: affordablehousing

Cambridge Affordable Housing Receives Bond

Cambridge Affordable Housing Receives Bond

| July 2, 2020

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 […]

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Newton Affordable Housing Receives Financing

Newton Affordable Housing Receives Financing

| July 2, 2020

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 […]

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Passive Housing Project Continues in Cambridge

Passive Housing Project Continues in Cambridge

| June 18, 2020

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 […]

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Roxbury Affordable Housing Receives Financing

Roxbury Affordable Housing Receives Financing

| May 29, 2020

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 […]

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Passive House Standards Define Beacon Communities Project

Passive House Standards Define Beacon Communities Project

| May 29, 2020

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 […]

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Workforce Housing Community Receives Financing

Workforce Housing Community Receives Financing

| April 21, 2020

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, […]

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Kaplan Wraps Up Three Multi-Family Projects

Kaplan Wraps Up Three Multi-Family Projects

| March 19, 2020

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 […]

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WIC Profile: Elizabeth Collins

WIC Profile: Elizabeth Collins

| March 2, 2020

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 […]

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