Boston & New England CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Boston & New England  + New England  + Apartments  | 
MassHousing has closed on $41.2 in affordable housing financing to Landmark Properties, Inc., for North 116 Flats in Sunderland, MA.

$41M Affordable Financing Locks 150-Unit Mixed-Income Community in Sunderland

MassHousing has closed on $41.2 in affordable housing financing to Atlanta, GA-based Landmark Properties, Inc., for the newly constructed, 150-unit North 116 Flats in Sunderland, MA.

North 116 Flats was developed under the state’s comprehensive permit law, Chapter 40B. The property offers 38 family apartments affordable to households earning at or below 80 percent AMI ($82,900 for a household of four).

The property’s remaining 112 apartments are rented at market rates and targeted toward students. North 116 Flats is three miles north of the University of Massachusetts at Amherst and adjacent to a bus line that runs into downtown Amherst and UMass Amherst.

The residential community contains five, three-story garden-style buildings; community building; entertainment, fitness and study areas; outdoor greenspace; dog parks; grilling stations and fire pits.

The general contractor for North 116 Flats was Western Builders and the architect was Stuart I. Roosth. The management agent is Landmark Management Ventures.

Connect

Inside The Story

MassHousing

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

Step 1: Select Education
  • ◦Development
  • ◦Financing
New call-to-action
AshcroftCapital-07-cube
AshcroftCapital-06-cube