Multifamily news in Affordable Housing - Boston
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Affordable Boston Community Lands $33M Refi
The FHA Section 223(f) financing will preserve affordability at Mountain View Terrace Apartments for the next 31 years.
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Nonprofit Receives $27M for Affordable Senior Community
The 160-unit property located 16 miles south of Boston will undergo important upgrades, including $6 million in renovation works.
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HRI Secures $87M Financing for Boston-Area Community
MassHousing provided the loan to upgrade and preserve the affordability of a 300-unit property in Cambridge, Mass.
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Cambridge Housing Authority Lands $45M Loan for Boston Senior Community
MassHousing provided the funds that will preserve the 198-unit property's affordability for at least 20 more years.
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Lena Park Secures $26M for Boston-Area Community
MassHousing provided two loans for capital renovations and extension of affordability at the 143-unit property in Dorchester.
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Nonprofit Lands Financing for Affordable Community
MassHousing and Rockport Mortgage Corp. provided a permanent loan that will preserve and extend the 60-unit property’s affordability.
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Pennant Buys, Preserves Affordability of Boston Senior Community
The company acquired the 89-unit affordable property through the Section 13A program.
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Senior, Disabled Community in Boston Area Scores $10M Loan
The owners refinanced Peter Sanborn Place through a MassHousing loan and intend to implement an improvement program.
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WinnCompanies Lands $11M Loan for Boston Redevelopments
The Clippership projects involve the demolition of four buildings and the construction of two new ones that are set to include 22 affordable apartments and 30 mixed-income condos.
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Boston-Area Community Scores $49M in Affordable Financing
Developer WinnCompanies acquired the 284-unit property, a converted industrial leather tanning complex in Peabody. The deal ensures the apartments will remain accessible to low-income families.
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Boston-Area Affordable Development Lands $23M Loan
The financing includes funds from MassHousing's $100 million Workforce Housing Initiative. Just-A-Start intends to create 23 new apartments and preserve 65 units for low-income residents in Cambridge.
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Why Co-Living Is Here to Stay
Bungalow CEO & Co-Founder Andrew Collins makes the case for co-living as a solution to the affordable housing crisis and discusses his company’s most recent expansion.
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Affordable Boston-Area Community Receives $82M Loan
MassHousing provided the financing to the Cambridge Housing Authority, which plans to renovate Millers River Apartments in Cambridge.
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Affordable South Boston Community Receives $33M Loan
MassHousing closed on the financing, as Madison Park Development Corp. aims to extend Haynes House’s affordability and begin significant renovations at the 131-unit property.
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MassHousing Provides $36M in Financing for MA Affordable Housing
The former Worcester County Courthouse will be redeveloped by Trinity Financial into 117 apartments, including 45 workforce housing units and 13 for extremely low-income residents.