Boston Capital announced that it is investing in the construction of Conway Pines Apartments, a 32-unit development for families in Conway, N.H.
The apartment community will be built with equity from low-income housing tax credits. Boston Capital’s tax credit investment will be a little more than $5 million. The general partner is Great Bridge Conway Pines in Manchester, N.H.
Boston Capital’s investment is its eighth transaction with Great Bridge Properties.
Conway Pines, which will serve families earning no more than 60 percent of the area median income, will feature geothermal cooling, heating, and hot water. There will be six one-bedroom, 23 two-bedroom, and three three-bedroom units.
The construction of the property is expected to create 48 jobs in the area.