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Boston & New England  + Metro Boston  + Finance  | 

Mass Housing Provides $30M Financing for Brockton TOD

MassHousing has closed on $29.7 million in affordable housing financing to nonprofit NeighborWorks Housing Solutions (NHS) for the construction of 94 new affordable apartment homes adjacent to Brockton’s Campello Commuter Rail station.   

NeighborWorks Housing Solutions is remediating and redeveloping a former industrial site at 1200 Montello St. into a five-story, all-electric building designed to meet Passive House standards. A towing company and fuel storage facility occupied the site before relocating. NHS demolished the remaining vacant garage and office and removed contaminated soil before starting construction on the new Brockton South transit-oriented development. 

“By repurposing this parcel right next to a Commuter Rail station with 94 brand new affordable, energy-efficient apartments homes, NHS is helping with the city’s efforts to revitalize the Campello neighborhood,” said MassHousing CEO Chrystal Kornegay. 

MassHousing is providing NHS with a $5.1-million permanent loan, $23 million in tax credit bridge financing and $1.5 million in workforce housing financing.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing