Critical affordable housing resource for elderly and handicapped residents and, under this transaction, will be preserved as affordable for the long term.
Residents and employees of the Binnall House hosted a 50th anniversary celebration on Monday for the Retirement Housing Foundation, the group that manages the affordable housing facility.
Symphony Plaza, a 404-unit, two-tower development in Boston, has been given the Exemplary Development for the Elderly award from the New England Affordable Housing Management Association (NEAHMA).
If we can't get to the beach, we'll bring the beach to us!!! This was the rallying cry for residents and staff at Riverside Towers, a housing development for elderly and disabled residents, overlooking the Mystic River in Medford Square.
MassHousing's Board of Directors voted today to approve a $14.4 million loan commitment to preserve affordability at Mason Place, a 127-unit development for low-income seniors in Boston. The building, which at one time was the home of the Boston Herald and Traveler Newspaper, sits adjacent to Millennium Place in the city's fashionable Ladder District.
MassHousing, the state's affordable housing bank, today announced that it has committed $11.1 million to preserve 120 units of affordable elderly housing at King James Court Apartments and 114 affordable units at Pine Crest Apartments, two rental developments in Orange. Without these financing commitments from MassHousing, King James Court Apartments and Pine Crest Apartments were likely to convert to market rate.