Affordable housing projects are inherently complex. Layered funding, tight margins, and strict timelines leave little room for error. When federal funding triggers Build America, Buy America (BABA) requirements, complexity increases – but that doesn’t have to stop a project.
Boston, MA Governor Maura Healey announced funding from two programs to jumpstart housing production across the state – approximately $8.4 million from the new Commercial Conversion Tax Credit Initiative (CCTCI) to help communities transform empty or rundown commercial buildings into new homes and $139.5 million in low-income housing tax credits and subsidies
Framingham, MA Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $10.5 million in financing for the acquisition of Arlington Commons, a 54-unit multifamily property located at 77-79 Arlington St.
Avon, MA JLL Capital Markets has arranged $15.1 million in acquisition financing for a two-property industrial portfolio totaling 129,380 s/f. The properties at 20 and 40 Ledin Dr. are strategically positioned within the Avon Industrial Park with access to Rte. 24 and I-93.
Andover, MA Bangor Savings Bank has hired Lourdes Connolly as senior mortgage loan officer, based at the bank’s Andover mortgage loan office. Connolly’s new role will support homebuyers throughout the Greater Boston area and surrounding communities,
b>Hardwick, MA MassDevelopment has issued a $12 million tax-exempt bond on behalf of Eagle Hill Foundation of Massachusetts, Inc. Eagle Hill School is a boarding school that provides customized courses of study for students with diverse learning profiles in grades eight through 12.
Beverly, MA According to CM&B, Mike Andrews has joined the team as a senior project manager. Andrews brings over 16 years of project management experience and 19 years in the construction industry, specializing in life sciences, hospitality, and commercial projects throughout Greater Boston.
Woburn, MA Lumin Health has opened a 4,600 s/f outpatient treatment center at TradeCenter 128. The custom-built clinic is the company’s fourth location – and its northernmost – in greater Boston.
East Cambridge, MA Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler, completed the sale of Twenty20, a 355-unit high-rise apartment community located in the dynamic Cambridge Crossing mixed-use development.
Attleboro, MA Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has completed the $4 million sale of Pine Street Apartments.
Boston, MA The Hamilton Company is seeking a zoning map amendment for property in Union Sq., to enable construction of new apartment housing that would help address the region’s acute housing shortage.
Raynham, MA The 37,050 s/f commercial building located at 475 Paramount Dr. has been sold to Cooperative Production, Inc., a well‑established Southeastern Massachusetts nonprofit that provides residential,