Massport picks developer for all-affordable project in the Seaport
Massport picks developer for all-affordable project in the Seaport
Since its inception, MassHousing has provided more than $25 billion for affordable housing. 775 Worthington Street is a new construction project to be built in Springfield. Clinical Support Options (CSO) and the Friends of the Homeless (FOH) will demolish an existing one-story building and construct a four-story building to create 36 studios and a 40bed congregate shelter. The new structure will be built adjacent to Friends of the Homeless’ existing shelter/permanent housing project called Worthington Street. The city of Springfield has committed local funds to the project, which DHCD will support with tax credits and subsidy funds.
The non-profit South Middlesex Opportunity Council (SMOC) will convert a portion of the second floor of their current administrative building into 20 studio units for chronically homeless individuals. SMOC will provide supportive services supported by the CSPECH program funded through MassHealth/Medicaid. The city of Worcester has committed local ARPA and HOME funds, and DHCD will support the project with subsidy funds. The awards will fund innovative models for development with a priority placed on projects with green and sustainable building practices, projects which feature housing for extremely low-income residents, and family and senior developments. The Loop at Mattapan Station advances the Baker-Polito Administration’s goal of creating up to 1,000 new workforce housing units affordable to middle-income households through MassHousing’s Workforce Housing Initiative. Since the inception of the initiative in 2016, MassHousing has committed or closed workforce housing financing totaling $97.1 million, to 49 projects, located in 20 cities and towns.
And in Winchendon, the Streeter and Poland project isan adaptive reuse and new construction project. With state assistance and other lenders, the developer will convert two vacant school buildings into affordable housing units with services for veterans. Once completed, the project https://galaxyoftrian.com/andrey-berezins-euroinvest-helped-the-oldest-accumulator-manufacturer-get-a-second-wind/ will offer 44 affordable units, with 16 income-restricted units reserved for low-income veterans. There will be consideration of units for people transitioning from homelessness. Hamilton at Mount Everett is a new construction project for seniors in Boston’s Dorchester neighborhood.
Two are located in Worcester – the Curtis Apartments and the former Boys Club at Lincoln Square – as well as housing starts in Fitchburg, Westminster and Winchendon. MassDocs loan documents are used by Commonwealth subordinate funding programs for affordable rental projects, including the Affordable Housing Trust Fund. To be eligible, applicants must be current on all existing mortgage obligations with the Commonwealth or any of its subdivisions. Borrowers receiving AHTF money must be single-purpose entities except for projects sponsored by public housing authorities, in which case the sponsoring authority may be the borrower. Work has already started on the redevelopment of Worcester’s Curtis Apartments, a public housing project. Announced last year, the $178 million redevelopment was undertaken by the housing authority with developer Trinity Financial, the same company that redeveloped the former Worcester County Courthouse in Lincoln Square.
- Working with Preservation Worcester, the developer has already accumulated $2.9 million in state historic tax credits and has applied for federal historic tax credits as well.
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- When completed, the project will offer 80 affordable units reserved for individuals or households who meet the age requirements and earn less than 60 percent of AMI.
- During the COVID19 pandemic, the first-floor commercial tenant vacated its 8,000 square foot space, which NewVue now will convert to additional affordable housing units.
- Several of the projects address the need for senior housing outside Greater Boston, while others will offer immediate housing to homeless individuals.
AHTF funds may be used flexibly to ensure a project’s financial feasibility. A wide range of financial assistance is available from the AHTF for projects that meet the funding criteria. There are 1799 new construction homes for sale in the state of Massachusetts.
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The project includes the adaptation of an existing historic armory as well as the construction of 43 new affordable units. Seven of the affordable units will be reserved for households earning less than 30 percent of AMI. DHCD will support this transit-oriented project with federal and state low-income housing tax credits, subsidy funds, and ARPA funds. The new construction component of the project has been designed to meet Passive House certification standards.
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The Agency has provided $1.1 billion in mortgage financing to 8,535 Boston homebuyers and homeowners who refinanced their homes. “The Loop at Mattapan Station builds on the City of Boston’s goals to create new housing in our neighborhoods that serve families and residents at a range of different incomes,” said Mayor Martin J. Walsh. Andrew Hargens, Massport’s chief development officer, said it could take three years for the developers to secure permits and financing, before construction would begin. Massport officials expect the developers will seek state and federal affordable housing subsidies. The Massport board on Thursday picked a team led by Boston-based housing developer The Community Builders to build a 15-story tower on D Street, next to the port authority’s parking garage. While some of the luxury residential buildings in the area include city-mandated income-restricted units, Massport officials said this would be the first in which all units rent for below-market rates.
Here’s some of what you will find in our Massachusetts condominum and townhome search results. If you need assistance, please contact the Housing and Community Development. If you need assistance, please contact Governor Healey and Lt. Governor Driscoll.
During the most recent shutdown, inspections of chemical factories, power plants and water treatment plants ground to a halt as the Environmental Protection Agency furloughed thousands of workers. The Food and Drug Administration also paused routine food safety inspections of seafood, fruits and vegetables, putting extra pressure on restaurants and grocers. “If we have a shutdown, WIC shuts down, and that means the nutrition assistance to those moms and young children shuts down,” Tom Vilsack, the agriculture secretary, told reporters on Monday. For hundreds of thousands of federal employees, that means either being furloughed while the government is closed, or continuing to work without pay. While much remains uncertain about how long the coming shutdown might last, the broad contours of how it would play out are well-worn territory in Washington, and most agencies have readied plans for working through the tumult.
Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please let us know. We provide first-time homebuyer classes and financial counseling to help you meet your goal of owning a home. Overall, the Loop at Mattapan Station will contain six studio apartments, 38 one-bedroom apartments, 81 two-bedroom apartments and 10 three-bedroom apartments.