 (1).png)
News:
Owners Developers & Managers
Posted: December 6, 2024
Peabody Properties wins National Affordable Housing Management Association Vanguard Award
Charlestown, MA According to Peabody Properties, The Charlestown has been named a recipient of the 2024 Vanguard Award for Major Rehabilitation of an Existing Rental Housing Community by the National Affordable Housing Management Association (NAHMA).
Rehabilitation work on The Charlestown, formerly known as the Zelma Lacey House, involved transforming the three-story building into 48 units of affordable, independent living housing for those age 62+. The redevelopment was supported by $16.8 million in financing from MassHousing.
The Charlestown is managed by Peabody Properties, Inc. and owned by Affordable Housing & Services Collaborative.
The Vanguard Awards recognize newly developed or significantly rehabbed affordable multifamily housing communities that showcase high-quality design and resourceful financing.
“It is an honor to receive this prestigious award from NAHMA,” said Melissa Fish-Crane, principal and CEO of Peabody Properties. “Rehabilitation projects like The Charlestown highlight the need for creativity and innovation in the affordable housing sector to develop high-quality properties that enhance and positively impact neighborhoods.”
The Affordable Housing Vanguard Awards winners were recognized at an awards ceremony at the NAHMA Biannual Top Issues in Affordable Housing 2024 Fall Conference in October in Washington, D.C. Peabody Properties shared the award in the Major Rehabilitation of an Existing Rental Housing Community category with Clawson Manor Co-op in Clawson, Michigan, a property managed by CSI Support & Development Services, Inc.
MORE FROM Owners Developers & Managers
Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI
Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
Quick Hits
 (1).png)
Columns and Thought Leadership
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock
A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan
When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson
As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.
New Quonset pier supports small businesses and economic growth - by Steven J. King
Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.