Affordable Housing - Boston

Boston-Area Community Preserves Affordability for Next 40 Years
Asian Community Development Corp. purchased the Martensen Village in Quincy, mass. The new owner acquired the property under a state law that prevents it from being sold and converted into a market-rate community.
Affordable
Homeowners Rehab Secures $40M for MA Asset
The 98-unit HRI Concord Highlands will be the largest new construction affordable development to rise in Cambridge, Mass., in 40 years.
Affordable
Community Builders Secures $10M for Affordable Boston Development
TD Bank arranged the financing for The Clarion, and its Community Capital Group has also invested $9.2 million of equity in the project. Construction is scheduled for completion by 2019. 
Affordable

  • CBRE Secures $27M for Former MA Chocolate Factory

    The historic building close to downtown Mansfield is being redeveloped into a mixed-income, mixed-use property that will contain 130 units.

    20 July 2018 14:27

  • WinnCos. Breaks Ground on Boston Veterans Housing

    The Residences at Brighton Marine is the first of its kind to offer mixed-income housing in Boston since World War II. It will include 102 units and on-site services and is scheduled for completion by December 2019.

    05 July 2018 17:01

  • Sidestepping the Pitfalls of Brownfield Development

    Dan Drazen, project manager at Trinity Financial, details the upsides and challenges in brownfield multifamily projects and discusses the firm’s next major adaptive reuse project.

    25 May 2018 11:13

  • Boston-Area Asset Receives $29M Loan

    Reed Realty Advisors will use the proceeds to finance the development of Pac 10 Lofts, a 180-unit affordable housing community in Lawrence, Mass.

    20 April 2018 14:03

  • Affordable Boston Communities Land $11M Loan

    East Boston Community Development Corp. plans to extend the affordability of 111 units in the eastern part of the metro. MassHousing arranged the transaction.

    15 February 2018 14:19

  • Boston Affordable Senior Portfolio Lands $136M Refi

    Symphony Plaza was constructed in 1980 and comprises two neighboring buildings. Masshousing closed the refinancing, allowing for significant on-site improvements and extending affordability for at least 30 years.

    14 February 2018 19:24

  • Affordable Community to Replace Former MA Mill

    MassHousing closed on $17.1 million in financing for the development of a 102-unit affordable housing community in Lawrence, involving the preservation of a former industrial property and remediation of a brownfield site.

    01 February 2018 15:09

  • MA Affordable Housing Project Lands $23M

    MassHousing arranged the financing through JP Morgan Chase on behalf of Just-A-Start for the renovation and reconstruction of 112 affordable units in Cambridge, Mass.

    22 December 2017 19:58

  • BPDA Approves 3 Small Boston Communities

    The developments are part of a larger set of projects which passed at BPDA’s December meeting. Together, they are expected to bring online 97 units and more than 8,000 square feet of retail space.

    22 December 2017 10:09

  • BPDA Approves 541 New Units Across Boston

    The approved development sites include 264 Huntington Ave., 75-85 Liverpool St. and 46 Hichborn St. in Brighton, as well as 256 Dorchester St in South Boston. The estimated investment cost is $486 million.

    18 December 2017 18:29

  • BPDA Approves 660-Unit Brighton Development

    The approximately 600,000-square-foot project, developed by Cabot, Cabot & Forbes, will include 98 affordable units and 510 parking spaces.

    27 November 2017 07:19

  • Mixed-Income Community Breaks Ground in MA

    A joint venture is developing Mass+Main, a $190 million project that will feature 248 market-rate and 60 affordable units. The property is slated for a mid-2020 completion.

    17 November 2017 16:11

  • Beacon Communities Buys NDC, $250M Portfolio

    The residential development company now owns National Development Corp. and its 59 properties, most of which are affordable communities. The portfolio is valued at more than $250 million and expands Beacon’s portfolio to 14 states.

    02 October 2017 21:01

  • Boston Affordable Housing Gets $14M Renovation

    LIHC Investment Group and Weston Associates received financing that will keep the 380-unit Shore Plaza Apartments affordable for the next 20 years.

    19 September 2017 17:44

  • Lena New Boston Breaks Ground on 41 Mixed-Income Units

    The $200 million redevelopment of the former Boston State Hospital site entered a new phase, which will include 22 affordable units. The project is part of Olmsted Green, a 42-acre development in the heart of the city.

    17 August 2017 21:17