MassHousing will loan up to $875,000 to an affiliate of EA Fish Companies for the expansion of senior housing at Little Neck Village in Marion from 12 to 48 affordable apartments.

The developer plans to demolish the existing 12 apartments and construct 48 one- and two-bedroom apartments for elderly residents. Of the 48 apartments, 36 will be reserved for residents earning at or below 60 percent of the area median income while the remaining 12 units – or 25 percent of the total units – will be reserved for residents earning at or below 30 percent of the area median income.

"We’re very pleased to be part of a project that will replace 12 outdated affordable apartments for seniors with 48 new affordable units,” said MassHousing Executive Director Thomas R. Gleason. "This new development will be an important affordable housing resource for seniors living in the Marion area for many years to come.”

The developer plans to demolish the existing 12 apartments located in three buildings and construct the 48 new apartments in four buildings on Wareham Road. One building will contain 30 apartments and the three remaining buildings will each contain 6 apartments. There will be 46 one-bedroom apartments and 2 two-bedroom apartments.

"We have worked collaboratively with the town of Marion, the Marion Affordable Housing Trust, the local boards and agencies, and the existing Little Neck residents to bring to life their vision for this much needed senior affordable housing development,” said Edward A. Fish, president of EA Fish Companies.

Approximately $6.2 million in equity for the project is expected through the sale of Low-Income Housing Tax Credits. The contractor will be Dellbrook Construction and the management agent will be Peabody Properties, both of Braintree. The architect is Brown Lindquist Fenuccio & Raber of Yarmouthport.