MassHousing has closed on $2.2 million in loans for the 27-unit Greenway Apartments, a newly constructed affordable housing community in East Boston.
The Greenway Apartments, located at 170-172 Maverick St., were developed by the East Boston Community Development Corp. and Affirmative Investments.
MassHousing provided $2.2 million in permanent financing for the project, which is completed and fully occupied.
"There was a great amount of interest in the Greenway Apartments from residents looking for an affordable place to live in East Boston," MassHousing Executive Director Thomas Gleason said in a statement. "The development is completed and occupied and will be an important affordable housing resource in East Boston for many years to come."
Two vacant buildings were demolished to make way for the four-story, energy-efficient building with 21 two-bedroom units and six three-bedroom units.
In addition to the MassHousing financing, the project also received $1 million from the Affordable Housing Trust Fund, which is managed by MassHousing on behalf of the state Department of Housing and Community Development.
The contractor was Landmark Structures, and the architect was Michael Interbartolo. The management agent is Metro Management, a subsidiary of East Boston Community Development Corp.