Mass. Workforce Housing Portfolio Sells for $372M
A Salt Lake City real estate investor closed on a 1,722-unit portfolio of Massachusetts apartment complexes in a series of transactions totaling $372 million.
Nine Teams Seek Seaport Housing Development Rights
Life science developers have snatched up most of the recent available properties in Boston’s Seaport District, but a publicly-owned parcel that’s been designated for workforce housing is receiving a strong round of interest.
Trinity Lands Financing for Brockton Second Phase
Trinity Financial now has the money it needs to begin building the second phase of its 224-unit Enterprise Center multifamily development in downtown Brockton after closing a deal with MassHousing.
MassDOT Seeks ‘Forward-Thinking’ Development on Chinatown Parcel
State officials are offering developers a chance to bid on a high-profile property at the entrance to downtown Boston, seeking “forward-thinking” proposals that include a substantial affordable housing component and minority participation goals.
Methuen Mill Falls Complex Sold to New York Investor
A New York developer has acquired a 97-unit Methuen apartment complex redeveloped under the state’s Chapter 40B affordable housing law for its first Bay State holding.
$26.5M Transaction Spotlights Workforce Housing Resilience
The $26.5 million sale of two Amesbury apartment properties illustrates strong demand for workforce housing properties that have remained highly-occupied during the pandemic, brokers say.
Lowell Mixed-Income Housing Project Gets $38M Loan
An enclosed sky bridge will link two parcels in Lowell’s Hamilton Canal Innovation District as part of a 125-unit workforce housing project by Boston-based WinnCompanies.
Affordable and Workforce Housing Coming to Outer Cape
A Philadelphia multifamily developer has begun leasing 65 units of affordable and workforce housing on Cape Cod in a project that received Community Preservation Act and MassHousing financing.
There’s a Bipartisan Bill That Will Boost Housing
The Low Income Housing Tax Credit program has been remarkably effective. Across the country, the lion’s share of below-market-rate housing has utilized these tax credits. Now, there is a broad-based effort in Congress to expand the credit significantly to make a good thing even better.
Cape Officials Plead for Real Estate Tax to Help Build Housing
In the midst of vacation rental season, housing officials from Nantucket made the trek to Beacon Hill to join their state senator in a call for new tools, including a real estate transfer tax, help create attainable housing for year-round Cape and islands residents.
Baker Administration Announces Funds for 760 New Workforce Housing Units
Massachusetts is pouring an additional $86 million into creating 260 new workforce housing apartments and 500 homes for moderate-income, first-time buyers.
Pieces Start to Fit in Downtown Worcester
Another piece of downtown Worcester’s redevelopment puzzle has fallen into place with Boston developer Trinity Financial recently securing the last financing it needed to start the $60 million conversion of the long-vacant Worcester County Courthouse into apartments.
Eastham Affordable Housing Project Gets $1.5M MassHousing Loan
Fifteen of the 65 new apartments at the Village at Nauset Green will be workforce housing units that will be affordable to families earning between 61 percent and 90 percent of the area median income. The remaining 50 units will be traditional affordable housing units, affordable to households earning up to 60 percent of AMI.
A Story of Survival: Harold Brown Steps Down
Despite his more than nine decades on this earth, it seemed like Harold Brown was never going to retire.
Affordable Housing Is a Worthy Investment
It’s clear to see the benefits for Massachusetts when the state invests in community development – thousands of affordable housing units are created, child care facilities are upgraded and seniors gain an opportunity to age in place.
The Beverly Begins Accepting Resident Applications
The Beverly, a 239-unit Beverly workforce and affordable housing development in Boston’s Bulfinch Triangle, is accepting applications for its initial group of residents.
Early Signs Are Promising For Workforce Housing
All of us need housing which is affordable. That means having real housing choices at the right price for individuals and families.
71-Unit Workforce Housing Complex Breaks Ground In Lynn
A groundbreaking ceremony was scheduled today to mark the beginning of construction of Gateway North, a 71-unit rental complex in Lynn.
Roxbury Church Property Eyed For Workforce Housing
A developer is planning a $47 million conversion of the Church of God of Prophecy property in Roxbury into a mixed-income residential project with ground-floor office and retail space.
MassHousing Grant To Fund New Statewide Workforce Housing Units
A $100 million MassHousing fund will go toward the...
