Vineyard Affordable Housing Gets $31M Construction Loan
Rockland Trust provided a $31 million construction loan for what’s being billed as the largest year-round affordable housing development on Martha’s Vineyard.
Boston Seeks Affordable Housing Proposals, But Deadline’s Tight
Developers will have to scramble to meet the deadline for the city’s annual round of housing development if they weren’t expecting it.
Jamaica Plain Affordable Housing Project Receives Financing
A 6-story, 96-unit affordable housing development in Jamaica Plain could be headed for a groundbreaking soon after landing financing.
POAH Gets Eastern Bank Financing for Mashpee Project
Financing from Eastern Bank will enable a Boston-based nonprofit housing developer to complete 39 income-restricted apartments in Mashpee.
Financing Package Pays for Updates to Springfield Housing
A financing package provided by federal, state and local sources will preserve 45 units of affordable housing and renovate a Springfield property.
Holyoke Properties Get Financing from MassDevelopment
Tax-exempt financing from MassDevelopment will enable a Holyoke community action agency to preserve a two-building portfolio of affordable apartments.
12 Affordable Housing Projects Get Funding Awards
Gov. Maura Healey spotlighted the effects of Massachusetts’ housing affordability crisis on vulnerable populations in announcing $62 million that will support construction of 450 supportive housing units.
SVB Failure Weighs on Nonprofits, Some CRE Properties
Silicon Valley Bank’s failure is creating a potential gap in financing for Massachusetts affordable housing projects and risks for commercial landlords that have a concentration of tech and life science tenants.
288 Affordable Units Preserved in Brockton
Boston-based Beacon Communities has received $38.5 million in financing to renovate a pair of Brockton housing complexes and preserve affordability restrictions for at least 30 years.
Nonprofits Get $12M for Affordable Projects
Nearly $12 million in financing from the Boston-based Community Economic Development Assistance Corp. will support a group of affordable housing projects across Massachusetts.
Federal Low-Income Housing Grant Doubles in Size
Thanks to a coronavirus pandemic-fueled mortgage boom, states will get nearly $700 million in federal grants from a special program for low-income housing, more than double the amount distributed last year.
Historic Lowell Properties Get Financing for Upgrades
A nearly $7.9 million loan from Rockland Trust Co. will preserve and rehabilitate a pair of affordable housing properties in Lowell.
