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.
A new, all-affordable housing development is joining the multifamily pipeline along Revere Beach, while helping a group home expand.
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.
A Chelsea affordable housing development is securing site control thanks to Eastern Bank and MassDevelopment.
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.