Freddie Mac will finance a $215 million loan to Corcoran, Mullins, Jennison Inc for a mixed-income housing development in Harbor Point on the Bay.
The 1,284-unit community will include both low-income and market-rate housing on more than 43 acres. At least 400 of the apartment units will be designated for residents whose income is 80 percent or less of the area median income.
“There is a nationwide shortage of housing that workers can afford,” Richard Katzenstein, Freddie Mac Multifamily managing regional director of production and sales, said in a statement. “Harbor Point is a place where residents can afford to live and be only three miles from downtown Boston, where many jobs are located.”
The property’s amenities include a youth center, fitness center, swimming pool, tennis courts, health and daycare center, grocery store and café. The deal was brokered by KeyBank Real Estate Capital.



