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Boston & New England  + Boston  + Senior Housing  |  September 7, 2023
Emily Fu
By: Emily Fu

$15M MassHousing Refi for Boston Senior Housing

MassHousing has closed a $14.5 million deal with Rogerson Communities to extend the affordability of the 76-unit Farnsworth House senior housing in Boston for at least 24 years.  

The seven-story building will receive a number of updates, including a roof replacement, refurbishment of the parking lot, removal of an underground oil tank and replacement of the emergency generator, intercom, security camera system, fire alarm panel system and lobby furniture.  

The property owner, Charles H. Farnsworth Senior Housing Corporation, has agreed to a 20-year HUD Section 8 Housing Assistance Payment contract for 75 of the 76 apartments, securing the extension of the affordability period. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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