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MHIC, CLF Finance 47 Lower Roxbury Affordable Condos
The Healthy Neighborhoods Equity Fund II, managed by Massachusetts Housing Investment Corporation and Conservation Law Foundation, will finance the Northampton Residences at 597-599 Northampton Street in Boston’s Lower Roxbury neighborhood.
The development will create 47 affordable homeownership condominiums, aligned with Imagine Boston 2030’s goals of enhancing the area with infrastructure improvements and investments in affordable housing. The project will be located near public transportation, including the Massachusetts Avenue MBTA Orange Line station, and adjacent to the Southwest Corridor, a 4.1-mile linear park.
“HNEF II was created to finance inclusive mixed-use developments near public transportation that offer retail, housing, and social services to support healthier communities,” said Moddie Turay, president and CEO of MHIC. “Most importantly, affordable homeownership options are critical to closing the wealth gap for low-income communities, and especially for individuals and families of color.”
- ◦Financing
