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.
MassHousing Provides $17M Acquisition Financing for Affordable Housing Portfolio in Attleboro
MassHousing has provided $17.2 million in affordable housing financing to non-profit Preservation of Affordable Housing (POAH) for the acquisition and rehabilitation of three affordable housing communities in Attleboro.
The communities consist of Hebronville Mill, a six-building, 83-unit complex located at 988 Read St. in Attleboro; Gardner Terrace II, a two-building, 52-unit property located at 169 Knight Ave. and Gardner Terrace I, a two-building, 92-unit complex located at 46 Pine St.
MassHousing provided POAH with $5.9 million in financing for Hebronville Mill and $11.3 million for the 144-unit combined Gardner I and II properties. In addition, POAH and MassHousing plan to complete a second, future transaction that will fully recapitalize the properties, allow for major renovations and extend affordability for residents.
For comments, questions or concerns, please contact David Cohen
- ◦Financing
