Massachusetts Awards Funds for 31 Projects| Housing Finance Magazine

Massachusetts Gov. Deval Patrick announced $71.4 million in funding from low-income housing tax credits (LIHTCs) and other programs to support the construction of 31 affordable housing developments in 21 communities.

Once completed, the developments will create or preserve 1,642 units of rental housing, including 1,415 affordable units for low-and moderate-income families. Officials said 246 of the affordable units will be targeted for families earning less than 30 percent of the area median income.

The funds will also help create an estimated 2,000 construction jobs.

The awards were made by the state Department of Housing and Community Development (DHCD).

The following communities will benefit from these new developments: Barnstable, Berlin, Boston, Cambridge, Chelsea, Easton, Hanover, Hingham, Lawrence, Leominster, Northbridge, Pittsfield, Provincetown, Quincy, Revere, Salem, Springfield, Sudbury, Tyngsborough, Wareham, and Worcester.

State officials provided a summary of the projects receiving funding:

Cromwell Court in Barnstable: The Preservation of Affordable Housing (POAH) will use $378,933 in LIHTCs and an additional $3 million in DHCD program subsidies to rehabilitate 124 units of rental housing, 112 of which will be affordable. Thirteen units will be set aside for extremely low-income residents. It is expected to create 24 new jobs.
Northbrook Village II in Berlin: The Montachusett Home Care Corp. and Berlin Retirement Homes, Inc., will use $2.1 million in DHCD program subsidies to complete the construction of a new 40-unit building for low-income, elderly tenants. Thirty-nine of the units will be affordable. It is expected to create 68 new jobs.
225 Centre Street in Boston: Mitchell Properties and The Community Builders will use $503,988 in LIHTCs, $2.3 million in state housing tax credits, and another $2 million in DHCD program subsidies to complete a comprehensive, multi-phase, transit-oriented, green redevelopment project that will create 103 rental units, including 35 affordable units. Ten of these units will be reserved for extremely low-income families. The project is expected to generate 276 jobs.
Codman Washington Apartments in Boston: Codman Square Neighborhood Development Corp. will use $539,740 in LIHTCs and an additional $4.3 million in DHCD program subsidies to preserve existing affordable housing and for the production of new affordable units. Of the 80 affordable housing units, eight will be dedicated for extremely low-income families. The project is anticipated to create 55 jobs.
Lucerne Gardens in Boston: Trinity Financial will use $349,665 in federal LIHTCs, $506,081 in state housing tax credits, and an additional $2.2 million in DHCD program subsidies to rehabilitate 45 rental units. Thirty-six units will be affordable, and five will be for extremely low-income families. The project is anticipated to create 57 jobs.
Renwood Housing For PWA in Boston: The Cushing Cos. will use $998,333 in DHCD program subsidies for the rehabilitation of 24 units of affordable housing. These units are reserved for previously homeless individuals and families living with AIDS. Nineteen units will be for reserved for extremely low-income families. The project is expected to create 11 jobs.
Uphams West in Boston: The project will use $1.4 million in DHCD program subsidies to renovate two existing buildings in order to create 13 affordable units for low-income families, including five units reserved for formerly homeless families. The project is anticipated to create 18 new jobs.
Urban Edge Limited Partnership Apartments in Boston: Urban Edge will use $545,251 in LIHTCs and an additional $2 million in DHCD program subsidies to make necessary upgrades to 82 units of affordable rental housing, nine of which are set aside for extremely low-income families. The project is expected to create 64 jobs.
Worcester House in Boston: Caritas Communities will use $1 million in DHCD program subsidies to renovate and preserve 16 affordable single-room occupancy (SRO) units in a high-demand neighborhood. Two units will be set aside for formerly homeless individuals. The rehabilitation is anticipated to create 13 jobs.
Cambridge Court Rehab in Cambridge: Silver Street Development will use $3 million in DHCD program subsidies to support the rehabilitation of this 122-unit, age-restricted (55 and older) development, including major systems and fire safety upgrades. The building includes 92 affordable rental units. The project is expected to create 46 jobs.
Cambridge YWCA SRO in Cambridge: The Cambridge YWCA will use $3.9 million in DHCD program subsidies to substantially rehabilitate 103 affordable SRO affordable rental units for women. Twenty-six units will be for homeless and extremely low-income women. The project is anticipated to create 70 jobs.
Central House in Cambridge: Caritas Communities will receive $241,558 in LIHTCs and $2.4 million in DHCD program subsidies to complete improvements and safety upgrades to this 128-unit SRO building. Thirteen units will be reserved for extremely low-income individuals. The upgrades are expected to create 37 new jobs.
Highland Terrace in Chelsea: Chelsea Neighborhood Developers will use $720,000 in LIHTCs and $2 million in DHCD program subsidies to build a new 32-unit affordable rental development that will include four units for extremely low-income families. The project is expected to generate 52 jobs.
Ames Shovel Works in Easton: Beacon Communities will use $619,940 in LIHTCs, $1.3 million in state housing tax credits, and another $1 million in DHCD program subsidies to support the conversion of historic industrial buildings into 119 units of mixed-income rental housing. Thirty units will be affordable; 12 will be set aside for extremely low-income families. The project is expected to create 251 jobs.
Barstow Village in Hanover: EA Fish Development and the Planning Office of Urban Affairs will use $1 million in federal LIHTCs and an additional $2.3 million in DHCD program subsidies to construct 66 new units of affordable rental housing for residents 62 years of age or older. Ten units will be reserved for extremely low-income households. It is expected to generate 72 jobs.
Fort Hill Veterans Housing in Hingham: Father Bills and MainSpring, Inc., will use $750,000 in DHCD program subsidies to complete renovations and new construction of six SRO units that will house homeless veterans. Two units will be reserved for extremely low-income individuals. The project is anticipated to create five jobs.
Malden Mills in Lawrence: College Street Management and Winn Development will use $96,000 in LIHTCs to convert two historic mill buildings into 75 units of mixed-income rental housing. Of the 75 rental units, 72 will be affordable and eight of those will be reserved for extremely low-income households. The project is expected to create 194 jobs.
Whitney Building in Leominster: Twin Cities Community Development Corp. will use $686,300 in LIHTCs and another $3.4 million in DHCD program subsidies for the adaptive re-use a historic building, turning it into 40 units of affordable rental housing, four of which will be for extremely low-income households. The redevelopment is expected to generate 98 jobs.
Linwood Mill Senior Housing in Northbridge: EA Fish Development will use $60,100 in LIHTCs for the redevelopment of a historic mill building that will create 75 units of affordable elderly rental housing. Eight units will be reserved for extremely low-income households. The project is anticipated to create 98 jobs.
Rice Silk Mill in Pittsfield: Rees-Larkin Development, LLC, will use $1 million in LIHTCs and an additional $2.5 million in DHCD program subsidies to convert a vacant former mill building into 45 rental housing units for individuals and families. Forty-three units will be affordable, five of which will be reserved for extremely low-income households. It is expected to generate 97 jobs.
83 Shank Painter Road in Provincetown: Community Housing Resources will use $737,829 in DHCD program subsidies to renovate an existing mixed-use structure as well as create 15 new affordable residential units. Two units will be dedicated for extremely low-income households. This project is expected to create or retain seven jobs.
Province Landing in Provincetown: The Community Builders will use $1.2 million in LIHTCs and an additional $1.2 million in DHCD program subsidies to create 50 new rental housing units for individuals and families in Provincetown. Forty-one units will be affordable, including five units affordable to households with extremely low incomes. This project is expected to create or retain 90 jobs.
Winter Gardens in Quincy: Neighborhood Housing Services of the South Shore will use $540,000 in LIHTCs and another $2.5 million in DHCD program subsidies to complete the new construction of a 24-unit family affordable housing development. Six units will be reserved for extremely low-income families and individuals. It is anticipated to produce 48 jobs.
Revere Fire Station Elderly Housing in Revere: Chelsea Neighborhood Developers will use $350,000 in DHCD program subsidies to complete the rehabilitation and conversion of a historic building to seven affordable, elderly housing units. The conversion will create 15 jobs.
St. Joseph’s in Salem: Planning Office for Urban Affairs will use $1.2 million in LIHTCs, $242,385 in state housing tax credits, and $4.5 million in DHCD program subsidies to redevelop a former church site into 51 units of affordable rental housing. Six units will be reserved for extremely low-income households. The project is expected to generate 101 jobs.
City View Commons 2 Phase B in Springfield: First Resource Development Co. will use $329,000 in LIHTCs, $159,594 in state housing tax credits, and $258,400 in DHCD program subsidies to complete part of a two-phase acquisition and substantial rehabilitation of the City View Commons 2 apartments. The entire project will preserve 144 units of affordable rental housing. This phase will include 24 affordable units, three of which will be set aside for extremely low- income households. This phase of construction is will generate 20 jobs.
Cumberland Homes Phase 2 in Springfield: Beacon Communities, LLC, will use $390,000 in LIHTCs, $380,450 in state housing tax credits, and $450,000 in DHCD program subsidies to address substantial structural issues in 36 rental units, including 32 affordable units and another four for households with extremely low incomes. The upgrades are expected to generate 27 jobs.
Sudbury Duplexes in Sudbury: The Sudbury Housing Authority will use $1 million in DHCD program subsidies to develop 10 new units of affordable housing and preserve an existing unit. Six units will be set aside for extremely low-income households. It is expected to create 22 jobs.
Maple Ridge Phase II in Tyngsborough: Dakota Partners will use $627,000 in LIHTCs and $171,150 in state housing tax credits to produce 24 affordable units, thee of which will be reserved for extremely low-income families. The project is anticipated to produce 34 jobs.
Gardens at Union Pond in Wareham: The Gatehouse Group will use $939,167 in LIHTCs and $145,300 in state housing tax credits to complete the third phase of this development totaling 144 units. This third phase will create 40 new affordable rental units for individuals and families, including four units affordable to households with extremely low incomes. This phase is expected to create or retain 57 jobs.
Kilby, Gardner, Hammond Phase IV in Worcester: The Main South Community Development Corp. will use $396,000 in LIHTCs and $2.2 million in DHCD program subsidies to complete production of 22 new units of affordable family housing. Five units will be reserved for extremely low-income families. The project is expected to produce 40 jobs.