Tag: rentalhousing
MassHousing Finances Colonial Village Apartments
Boston – MassHousing has closed on $9.9 million in affordable housing financing to an affiliate of Pennant Housing Group for the acquisition, renovation and preservation of the Colonial Village Apartments, which is home to low-income senior citizens, in Weymouth. The transaction resolves an expired long-term affordability restriction and preserves affordability at the 89-unit property for […]
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 […]
Wallace Farm Apartments Begins Phase II Construction
Londonderry, NH – North Branch Construction of Concord has begun work on Phase II of the Wallace Farm Apartment Homes community on Bridle Path Lane in Londonderry. Wallace Farm Phase II is a $13.2 million project comprised of the construction of three 24-unit three-story apartment buildings along with the associated site and infrastructure work. The […]
Windover Joins Groundbreaking at YMCA
Cape Ann, MA – Windover Construction CEO Lee Decker joined executives from the Cape Ann YMCA, Sam Park and Company, and the Dolben Company, for a groundbreaking ceremony of the new 65,000sf Glen T. MacLeod YMCA. The facility is to be built as the centerpiece of a project that will include a 200-unit rental housing […]
MassHousing Closes on $11.2 M
Boston – MassHousing has closed on a total of $11.2 million in affordable housing financing to WinnCompanies for the development of 22 new rental housing units and 30 new condominiums on the East Boston Waterfront. The Clippership Apartments and Clippership Condominiums will create new homes for households across a broad range of incomes, including 14 […]
State Funding Awarded to Swampscott Senior Housing
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 […]
MassDev Helps Redevelop Affordable Housing
Boston – MassDevelopment has issued a $5.3 million tax-exempt bond on behalf of EAFD Brook Ave. Developer LLC, an affiliate of EA Fish Development, that will use bond proceeds to buy and renovate a multifamily facility in Boston’s Roxbury neighborhood. Brook Avenue Cooperative consists of 36 three-bedroom units, all of which will be rented to […]
Workforce Housing Development Receives $1.5M in Financing
Boston – MassHousing is providing $1.5 million in affordable housing financing from the Agency’s Workforce Housing Initiative to support the development of the Village at Nauset Green by Pennrose, LLC, a new, 65-unit rental housing community being built on a vacant parcel owned by the Town of Eastham. The MassHousing workforce housing financing will allow the Village […]
Karen Fish-Will Receives RHA Award
Boston – Karen Fish-Will, principal and CEO of full-service real estate and property management firm Peabody Properties, has been honored with the 2018 Rental Housing Association (RHA) President’s Award for Industry Excellence. Fish-Will received the honor at the 27th annual RHA President’s Award Reception, held at the InterContinental Boston on Nov. 28, 2018. Speaker of The […]
Bond Helps Preserve Affordable Housing in Roxbury
Boston – MassDevelopment has issued a $14,495,000 tax-exempt bond on behalf of Wilshire Westminster LLC, an affiliate of the Urban Edge Housing Corporation, which will use bond proceeds to renovate, furnish, and equip two multifamily rental housing facilities in the Roxbury and Dorchester neighborhoods: Westminster Court and Wilshire Apartments. MassDevelopment also assisted the Massachusetts Department […]
