Affordable Housing Joins Revere Beach Development Pipeline
A new, all-affordable housing development is joining the multifamily pipeline along Revere Beach, while helping a group home expand.
125 Affordable Apartment Units Financed in Everett
MassDevelopment has issued a $34.31 million tax-exempt bond to finance the first all-affordable building in Everett’s Commercial Triangle neighborhood.
Real Estate Developers in Gateway Cities Grapple with Trump’s Tariffs
In Gateway Cities – where housing production is already only half of what it needs to be to meet rising demand – increasing the cost of construction materials threatens an already tenuous housing market.
Community Good Works
East Cambridge Savings Bank raised $10,000 and provided a dollar-for-dollar match to gift $20,000 to The Neighborhood Developers, a nonprofit affordable housing developer and community development corporation based in Chelsea. See who else gave back.
Eastern Bank, MassDevelopment Fund Chelsea Housing
A Chelsea affordable housing development is securing site control thanks to Eastern Bank and MassDevelopment.
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.
Financing Will Preserve 116 Affordable Apartments in Chelsea
A $25.35 million tax-exempt bond from MassDevelopment will be used by a nonprofit to acquire and modernize 116 affordable apartments in Chelsea.
Home Ownership Push Proves Easier Said than Done
Roy Avellaneda, president of the Chelsea City Council, thought his idea was pretty straightforward: Impose a five-year moratorium on construction of new rental properties in the city to give councilors time to re-write zoning laws to promote home ownership.
The Neighborhood Developers Begins Everett Church Redevelopment
The Neighborhood Developers Inc. will use a $9.1 million tax-exempt bond from MassDevelopment and Boston Private Bank for site preparations at a 33-unit affordable rental complex in Everett.
Revere Rides Wave of Development
In recent years, Revere has seen the construction of thousands of new apartment units and the opening of new hotels, restaurants and shops. But the activity has been so intense and rapid that many are concerned that it may one day squeeze out many of its largely immigrant and working-class residents.
53 Affordable Housing Landlords Pledge to Avoid Evictions
Over four dozen owners and operators of affordable housing units announced a joint pledge this morning to work with their tenants in financial trouble due to the COVID-19 recession and avoid evicting them over missed rent payments.
Chelsea Redevelopment Adds 34 Affordable Units
Redevelopment of the former French Naturalization Club property in Chelsea is generating 34 units of affordable housing, including eight units of supportive housing for formerly homeless families.
Chelsea to Expand Affordable Housing with MassDev Bond
MassDevelopment has issued an approximately $6.89 million tax-exempt bond for The Neighborhood Developers, a nonprofit community development organization in Chelsea. TND is using bond proceeds to buy and demolish a building at 242 Spencer Ave. in Chelsea to build, furnish and equip a 4-story, 34-unit rental apartment facility in its place.
TND Upgrades Affordable Housing Situation In Chelsea, Revere Through MassDevelopment Funds
MassDevelopment has issued a $5.825 million bond to...
