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Boston & New England  + Metro Boston  + Senior Housing  | 
Beacon Communities and Harborlight Homes have secured funding to redevelop the former Briscoe School in Beverly, MA into an affordable housing community for seniors.

Affordable Housing Transformation in Beverly Becomes Massachusetts’ First ARPA Funding Recipient

Beacon Communities and Harborlight Homes have closed on financing to redevelop the historic former home of the Briscoe School located in Beverly, MA into a mixed-use community, centered around affordable housing for seniors, to be called Beverly Village for Living and the Arts.

The financing marks the first time a MA affordable housing deal has benefitted from funding from the American Rescue Plan Act, in addition to local, state and additional federal funding.

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The adaptive reuse plan will transform former classrooms into 85 units of affordable housing for low-income seniors, and former locker rooms will become six live/work studios with an artist occupancy preference. The existing three-story building will be completely rehabilitated while still preserving important historical features; the addition of sustainability features will prioritized.

The 1923-constructed Briscoe School closed in 2018 after the City of Beverly built a new school. Beacon Communities (a privately owned real estate firm that develops, acquires, invests in and manages multifamily housing) and Harborlight Homes (a nonprofit that develops, manages and advocates for quality, service-enriched housing that is affordable and inclusive) were chosen by the City of Beverly to redevelop the site in 2019, and purchased the building in 2022.


Inside The Story

Beacon Communities' Dara Kovel

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.

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