Tag: Low Income

Affordable Apartments to be Renovated

Affordable Apartments to be Renovated

| February 26, 2019

Boston – MassHousing has closed on $38.7 million in affordable housing financing to the nonprofit Inquilinos Boricuas En Accion, Inc., for the rehabilitation and preservation of the West Newton Apartments, a public housing community in Boston’s South End, The project is part of the Boston Housing Authority’s (BHA) ongoing effort to modernize public housing across Boston. Of […]

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CSTO Oversees Senior Housing Reno

CSTO Oversees Senior Housing Reno

| March 26, 2018

Boston – The Boston Housing Authority has selected Castle Square Tenants Organization (CSTO) and WinnDevelopment to redevelop the Eva White Apartments, a 102-unit, low-income elderly housing community directly adjacent to the award-winning Castle Square Apartments in Boston’s South End. In partnership with WinnDevelopment, CSTO will oversee a two-year renovation project. With WinnDevelopment acting as lead developer, the […]

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Low-Income Seniors Living in Boston Will See Extension of Affordability, Major Property Improvements

Low-Income Seniors Living in Boston Will See Extension of Affordability, Major Property Improvements

| February 12, 2018

Boston –  MassHousing has provided a total of $135.5 million in financing to an affiliate of the non-profit Retirement Housing Foundation (RHF), to enable RHF to launch a major renovation of the 404-unit Symphony Plaza in Boston and extend affordability at the property for at least 30 years. The 404-unit housing community near Symphony Hall was refinanced using […]

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MassDev Helps Harborlight Expand Housing Options

MassDev Helps Harborlight Expand Housing Options

| December 20, 2017

Beverly, MA – MassDevelopment has issued a $3.8 million tax-exempt bond for Harborlight Community Partners, a Beverly nonprofit community development corporation. Harborlight will use bond proceeds to buy and renovate 26 studio apartments on Boston Street in Salem for Boston Street Crossing, a housing development for individuals who have experienced homelessness. Harborlight will also contract […]

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Developer Builds Patriot Homes for Low-Income Vets with MassDev Loan

Developer Builds Patriot Homes for Low-Income Vets with MassDev Loan

| May 26, 2015 | 0 Comments

South Boston – MassDevelopment recently issued a $6.2 million tax-exempt bond on behalf of South Boston Veterans Housing LLC, a joint venture between Caritas Communities and the South Boston Neighborhood Development Corporation. The organizations will use bond proceeds to build Patriot Homes, 24 new rental apartment units in South Boston for low-income veterans. Radius Bank purchased […]

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