Boston’s 1st LGBTQ Affordable Senior Community Opens

The $47 million adaptive reuse project created 74 units.

LGBTQ Senior Housing Inc., Pennrose and the City of Boston—alongside other project partners—have officially opened The Pryde, a 74-unit senior housing affordable community in Boston’s Hyde Park neighborhood.

This comes on the heels of another affordable and workforce housing project—Pennrose recently secured $19.2 million for the redevelopment of Cape Cod Five Bank’s former operations center in Orleans, Mass.

The Pryde marks Boston’s first LGBTQ-affirming affordable housing community for seniors aged 62 and older, serving residents earning between less than 30 percent and less than 100 percent of the area median income.

A portion of the apartments will be reserved for individuals who were previously homeless, while 60 percent of the units will prioritize current Boston residents during the initial leasing period. A total of 50 units are subject to Section 42 LIHTC provisions.

The $47 million estimated adaptive reuse project started with the conversion of the William Barton Rogers Middle School. The developer preserved the historic exterior facade and significant interior architectural elements, such as the frieze and stage of the auditorium, mosaic tiles and gymnasium.

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The four-story building incorporates studio, one- and two-bedroom floorplans ranging between 475 and 856 square feet. Common-area amenities include a fitness center, a community room, a media room, a courtyard, a tennis/pickleball court, four laundry facilities and controlled access. LGBTQ Senior Housing will also provide on-site programming and supportive services for all tenants.

The Pryde is at 55 Harvard Ave., within Boston’s Dedham submarket. Residents can access several transportation services nearby, allowing direct access to downtown Boston.

DiMella Shaffer designed The Pryde to achieve the LEED Gold certification. NEI served as general contractor, Mikyoung Kim Design as the landscape architect, Nitsch Engineering as the civil/traffic engineer, PAL as the historic consultant, DAC/Hillmann as the environmental consultant, Thornton Tomasetti as the sustainability consultant, Innova Services Corp. as the construction manager and Klein Hornig as legal counsel. Pennrose Management Co. will manage the property.

Financing affordable housing

According to Yardi Matrix data, the financing for the development includes:

  • $22 million in construction financing from TD Bank
  • $13.7 million in construction financing from Massachusetts Housing Investment Corp.
  • $4 million construction loan from the City of Boston
  • $2 million from the Massachusetts Housing Partnership Fund
  • $1.8 million provided by the Massachusetts Department of Housing and Community Development
  • $750,000 from the Massachusetts Community Economic Development Assistance Corp.
  • $650,000 from LGBTQ Senior Housing

Other sources also include funding from the City of Boston Mayor’s Office of Housing and Community Preservation Act funding, soft loans and State and Federal Low Income Housing Tax Credits from the Executive Office of Housing and Livable Communities, State Historic Tax Credits from the Massachusetts Historical Commission and Federal Historic Credits from the National Park Service, among others.

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