MassHousing and the Department of Housing and Community Development (DHCD) announced $14 million in Affordable Housing Trust Fund loan closings for affordable housing in nine communities in Massachusetts. The largest AHTF financing deal was the $3 million in funding earmarked for development of Parcel 1B near North Station in Boston where Related Beal is building 239 units of new affordable housing. DHCD is also providing financing for the project.

“The Affordable Housing Trust Fund provides critical funding to help create a wide array of quality affordable housing for Massachusetts residents ranging from the formerly homeless to working families,” says MassHousing's executive director Timothy C. Sullivan. “While many of these new housing communities will transform neighborhoods, they will also provide an affordable place to live and prosper for hundreds of residents across the Commonwealth.''

The projects in the City of Boston to be funded through the Department of Neighborhood Development Linkage funds include: the Boylston Street rehabilitation project at 48 Boylston St. and the Quincy Towers development in Chinatown; the Wayne at Schuyler and the 1392 Dorchester St. and 17-21 Faulkner St. properties in Dorchester; the General Health Square Apartments and Parcel U in Jamaica Plain; the Cote Village and Olmsted Green Mixed-Income rental development in Mattapan; the Washington Westminster House, the Madison Melnea Cass Apartments and the Whittier Street Apartments (Phase I) in Roxbury; and in South Boston, the 46-unit O'Connor Way elderly housing development being built on property owned by the Boston Housing Authority.

The Affordable Housing Trust Fund loan financing deals involved two projects in Dorchester—$1 million for the 51-unit Ashmont TOD2 and $1 million for the 44-unit Whittier Lyndhurst Washington Homes. DHCD is also providing financing to both properties.

Other deals include: $1.45 million for the 96-unit Fitchburg Yarn Mill in Fitchburg (DHCD is also providing financing); $1 million for the 70-unit Mass Mills III in Lowell (MassHousing is additionally providing $3.5 million in permanent financing and DHCD is also providing financing for the project); $993,197 for the 42-unit 19 Bixby Road, in Spencer (DHCD provided $500,000 in financing to the project through the Housing Innovations Fund); $1 million for the 22-unit Montello Welcome Home in Brockton (DHCD provided $1.6 million to the project through the Housing Stabilization and Housing Innovation funds); $1.6 million for the 80-unit Harbor Place Merrimack Street and Riverfront developments in Haverhill (DHCD is also providing financing for the project); $1 million for the 120-unit Island Creek Village North in Duxbury; $500,000 for the 200-unit Leyden Woods in Greenfield (MassHousing also provided approximately $53 million in financing for the project); $934,585 for the 39-unit 75 Amory Avenue in Jamaica Plain (DHCD provided more than $2.4 million in financing through several loan programs); and $950,000 for the 73-unit Duck Mill / Union Crossing phase 2 development in Lawrence (DHCD is also providing financing for the project).

BOSTON—The City of Boston, financing agency MassHousing, and the state Department of Housing and Community Development have provided a total of $42 million in financing that they say will preserve or produce approximately 2,080 housing units in Boston and elsewhere in the state.

In separate announcements, the city, MassHousing and the state Department of Housing and Community Development state that a portion of the housing units that will be preserved or created will be earmarked as affordable, with some other slotted for homeless or low-income families.

Boston Mayor Martin Walsh reports the city will provide $21 million of federal and local resources awarded through the Department of Neighborhood Development and $7 million of Linkage funds, awarded through Boston's Neighborhood Housing Trust for projects throughout the city. The properties that secured financing were selected by the city from a Request for Proposals solicitation.

“We are committed to creating a Boston where everyone who wants to live here, can afford to,” says Mayor Walsh. “I thank our local, state and federal partners for these housing investments that create good jobs and fuel our economy.”

MassHousing and the Department of Housing and Community Development (DHCD) announced $14 million in Affordable Housing Trust Fund loan closings for affordable housing in nine communities in Massachusetts. The largest AHTF financing deal was the $3 million in funding earmarked for development of Parcel 1B near North Station in Boston where Related Beal is building 239 units of new affordable housing. DHCD is also providing financing for the project.

“The Affordable Housing Trust Fund provides critical funding to help create a wide array of quality affordable housing for Massachusetts residents ranging from the formerly homeless to working families,” says MassHousing's executive director Timothy C. Sullivan. “While many of these new housing communities will transform neighborhoods, they will also provide an affordable place to live and prosper for hundreds of residents across the Commonwealth.''

The projects in the City of Boston to be funded through the Department of Neighborhood Development Linkage funds include: the Boylston Street rehabilitation project at 48 Boylston St. and the Quincy Towers development in Chinatown; the Wayne at Schuyler and the 1392 Dorchester St. and 17-21 Faulkner St. properties in Dorchester; the General Health Square Apartments and Parcel U in Jamaica Plain; the Cote Village and Olmsted Green Mixed-Income rental development in Mattapan; the Washington Westminster House, the Madison Melnea Cass Apartments and the Whittier Street Apartments (Phase I) in Roxbury; and in South Boston, the 46-unit O'Connor Way elderly housing development being built on property owned by the Boston Housing Authority.

The Affordable Housing Trust Fund loan financing deals involved two projects in Dorchester—$1 million for the 51-unit Ashmont TOD2 and $1 million for the 44-unit Whittier Lyndhurst Washington Homes. DHCD is also providing financing to both properties.

Other deals include: $1.45 million for the 96-unit Fitchburg Yarn Mill in Fitchburg (DHCD is also providing financing); $1 million for the 70-unit Mass Mills III in Lowell (MassHousing is additionally providing $3.5 million in permanent financing and DHCD is also providing financing for the project); $993,197 for the 42-unit 19 Bixby Road, in Spencer (DHCD provided $500,000 in financing to the project through the Housing Innovations Fund); $1 million for the 22-unit Montello Welcome Home in Brockton (DHCD provided $1.6 million to the project through the Housing Stabilization and Housing Innovation funds); $1.6 million for the 80-unit Harbor Place Merrimack Street and Riverfront developments in Haverhill (DHCD is also providing financing for the project); $1 million for the 120-unit Island Creek Village North in Duxbury; $500,000 for the 200-unit Leyden Woods in Greenfield (MassHousing also provided approximately $53 million in financing for the project); $934,585 for the 39-unit 75 Amory Avenue in Jamaica Plain (DHCD provided more than $2.4 million in financing through several loan programs); and $950,000 for the 73-unit Duck Mill / Union Crossing phase 2 development in Lawrence (DHCD is also providing financing for the project).