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MassHousing Provides $1M For Affordable Housing Community in Newton
MassHousing has provided $1.3 million in affordable workforce housing financing for 28 Austin Street, a 68-unit apartment community in Newton.
The community offers 23 workforce housing units for lower- and moderate-income households. The recently completed 28 Austin Street development is a public-private partnership between Austin Street Partners, a joint venture of Dinosaur Capital Partners and Oaktree Development, and the City of Newton.
MassHousing provided Austin Street Partners with $1.3 million in affordable housing financing from the Agency’s Workforce Housing Initiative. The MassHousing funding was structured to close upon completion of the new housing. Eastern Bank provided $25.7 million in construction and permanent financing for the project.
For comments, questions or concerns, please contact David Cohen
- ◦Financing
