
Developer Set to Cash Out
One of the ground rules for multifamily development in Boston is that market-rate projects are required to subsidize affordable units, which otherwise might never get built because of insufficient financing.
by Steve Adams | Sep 30, 2018
One of the ground rules for multifamily development in Boston is that market-rate projects are required to subsidize affordable units, which otherwise might never get built because of insufficient financing.
by Banker & Tradesman | Jul 12, 2018
MassDevelopment has issued a $9.4 million tax-exempt bond on behalf of 61 Heath LLC, which will use bond proceeds to build a 47-unit affordable multifamily rental housing facility at the site of a vacant lot in Boston’s Jamaica Plain neighborhood.
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