MassHousing recently provided over $50 million in funds for extensive renovations to two Boston-area low-income housing complexes.
The 120-unit Madison Park Village III in Roxbury will receive $35 million and the 145-unit Louis Barrett Residence in Lynn will receive $15.6 million.
Madison Park, consisting of 19 buildings in Lower Roxbury, will receive new kitchens, bathrooms and flooring, interior paint, door and hardware replacement and replacement of plumbing fixtures for efficiency upgrades. Exterior upgrades will include full replacement of siding, trim, windows, doors, roofing and wooden stairs, as well as playgrounds and handicap accessibility.
MassHousing is providing Madison Park a $21 million tax-exempt construction and permanent loan and a $14 million tax-exempt bridge loan. The architect is Elton and Hampton Architects and the management agent is WinnResidential. The contractor is LD Russo Inc., which has subcontracted 42 percent of the construction work to minority and women-owned firms, including much of the carpentry, roofing, masonry, plumbing, painting, sprinkler and metal work.
Improvements scheduled for Louis Barrett are the repair and repointing of masonry exteriors, replacement of the entrance canopy, replacement of the existing roof membrane, resurfacing of parking areas and walkways, new building utility doors, new windows and interior apartment doors, and kitchen and bathroom upgrades providing new tubs and showers. The owner also plans to incorporate green and energy efficient technology where possible in lighting, water fixtures, toilets, HVAC systems, boilers and flooring. The contractor will be Port Harbor Construction and the architect is the Architectural Team. The management agent is Harbor Management Corp.
As a result of the MassHousing financing and the allocation of Low-Income Housing Tax Credits, all 145 Louis Barrett apartments will remain affordable for at least 30 years. Additionally, all 145 apartments are covered by a federal Section 8 Housing Assistance Payment contract further preserving affordability. Eight of the apartments will be made accessible for handicapped residents.
