UnitedIlluminating

Tag: affordablehousing

Leominster Affordable Housing Receives Financing

Leominster Affordable Housing Receives Financing

| November 14, 2019

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, […]

Continue Reading

$1.73M in Awards Announced to Support Energy Efficient Construction

| November 7, 2019

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 […]

Continue Reading

RI Bank Funds Three Affordable Housing Projects

RI Bank Funds Three Affordable Housing Projects

| November 7, 2019

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. […]

Continue Reading

Brookline Affordable Housing Closes on Financing

Brookline Affordable Housing Closes on Financing

| November 4, 2019

Boston – MassHousing has provided $25 million in financing to the Brookline Housing Authority (BHA) to provide significant improvements to the 100-unit Arthur O’Shea House located at 61 Park St. in Coolidge Corner. The MassHousing financing will allow the BHA to make comprehensive renovations to the property, which is home to lower-income senior citizens and […]

Continue Reading

Anne M. Lynch Homes Secures Financing

Anne M. Lynch Homes Secures Financing

| September 26, 2019

Boston – MassHousing has closed on $66.1 million in affordable housing financing to affiliates of Beacon Communities, LLC to advance the redevelopment of obsolete public housing at the Anne M. Lynch Homes at Old Colony in South Boston. Originally constructed in 1940, Old Colony is one of the oldest federal public housing developments in the country […]

Continue Reading

Lowell Affordable Housing Receives Financing

Lowell Affordable Housing Receives Financing

| September 13, 2019

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 […]

Continue Reading

Energy-Efficient Cohousing Receives Financing

| September 4, 2019

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 […]

Continue Reading

Solis Joins SSHH Board

Solis Joins SSHH Board

| August 23, 2019

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 […]

Continue Reading

Loan Secured for Yale Acres Redevelopment

| August 13, 2019

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, […]

Continue Reading

State Funding Awarded to Swampscott Senior Housing

State Funding Awarded to Swampscott Senior Housing

| July 22, 2019

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 […]

Continue Reading

For more info on how to submit content or advertise with High-Profile, connect with us here!

Would you like more info on how to submit content or advertise with High-Profile?

 

Connect with us here!