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Mattapan Mixed-Income Project Completes 41-Unit Ownership Phase

A 41-unit phase of redevelopment has been completed at the former Boston State Hospital property, bringing a new wave of mixed-income home ownership units in Mattapan.

New Boston Fund Inc. and Lena Park Community Development Corp. partnered on the project, which will total 500 mixed-income units.

The development team now has completed 270 units, including 232 income-restricted residences. The next 100-unit rental phase is scheduled to begin in July, with another 40 home ownership units to follow in spring 2019.

A consortium led by Eastern Bank and Boston Private Bank provided $8.3 million in construction lending. The project received $2.25 million from the city of Boston and $1 million from MassHousing’s recently established Workforce Housing Opportunity Fund. MassWorks provided a $3 million grant.

Affordable units in the newly-completed phase range from $210,000 to $267,500.

B&T Daily