Rockland Trust Finances Pennrose Development in Lenox
An affordable housing development in the Berkshires is getting underway across the street from its sibling development that opened earlier this year.
Developer Picked for 65-Unit Project at Devens
MassDevelopment signed a letter of intent with a Newton-based nonprofit to acquire a 6.6-acre site at Devens for a 65-unit housing project.
Alexandria Seeks More Lab Space, Housing Conversion in Cambridge
Alexandria Real Estate Equities is betting on future demand for lab space in East Cambridge with its plan to add 250,000 square feet to Technology Square.
Proposed Federal CRA Changes Would Harm Affordable Housing Production
A new proposal from federal bank regulators would undermine Congress’ big expansion of low-income housing tax credits. This shouldn’t stand.
WATCH: These Chelsea Affordable Condos Are Built to Build Community
For Banker & Tradesman’s latest building tour, we headed to Chelsea, where an all-affordable condominium development’s design turned a corridor into a quiet community space.
Beacon Communities Revives Development in West Newton
Redevelopment of the former Santander Bank property in West Newton is back in play with submission of a $63 million proposal by Beacon Communities.
Hot Property: Columbia Crossing
A former bank property in Dorchester’s Uphams Corner is being redeveloped as 48 affordable apartments, exhibition and commercial space by a pair of local developers.
Pennrose’s Playbook Blends Preservation and Housing Production
Karmen Cheung is leading affordable housing developer Penrose’s efforts to raise its profile Greater Boston, with at least four mid-sized and one large projects in its pipeline.
$153M Library Tower Approved in West End
An expanded West End library branch will sit below a 12-story residential tower as Boston taps into the potential for municipal properties to accommodate housing development.
Developers Team Up on 120K SF Mattapan Project
A pair of developers active in Boston affordable housing are teaming up on a new project that could add 105 income-restricted units in Mattapan Square.
Build America, Buy America Law Causing Construction Delays for Affordable Developers
Nearly everything from HVAC units to ceiling fans in affordable housing projects that get federal dollars must be produced in the United States, and it’s created a bottleneck for construction.
Designing Affordable Housing Projects That Pencil
Affordable housing projects are becoming difficult to deliver. Each city rule may be well-intentioned, but together they push projects beyond what the economics will support.
A Beacon Cuts Through the Housing Crisis
As a former Star Market property sat vacant in Somerville and financial hurdles delayed redevelopment, Beacon Communities stepped in under CEO Dara Kovel.
Solving the Affordable Equation Off-Site
A nearly completed affordable housing project in Dorchester could serve as a model for future use of modular and off-site construction in multifamily developments.
Hot Property: 24 Webster Ave.
Nonprofit Just a Start will demolish a vacant commercial building in Somerville’s Union Square and construct 43 deeply affordable apartments in a 6-story building after completing its project financing.
CLT Begins Construction of First Project in Lynn
Commonwealth Land Trust broke ground on its first project in the city of Lynn, an $18 million supportive housing facility containing 40 single-occupancy units.
WATCH: These Apartments Will Make More Energy Than They use
Rees-Larkin Development’s building something unusual in the Fort Hill/Highland Park section of Boston’s Roxbury neighborhood: An apartment building that will make more electricity than it uses.
Building Development Momentum in Metro Boston Housing
John M. Corcoran Co. is expanding its portfolio in Greater Boston’s multifamily market through a combination of acquisitions, plus opportunistic development projects under the direction of Peter Mahoney.
How New Money Is Transforming the Affordable Housing Landscape
While no bill is perfect and it still only scratches the surface of affordable housing needs nationwide, federal legislation passed last year is a big step in the right direction.
Statewide Housing Push Must Prioritize Access to Home Ownership
By focusing so intently on rental development and preservation, Massachusetts also risks neglecting the importance of addressing barriers to homeownership.
