High-rise commercial buildings

Sub Markets

Property Sectors

Topics

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.

Boston & New England  + Boston  + Apartments  | 

NHPF Cuts Ribbon on Redeveloped Roxbury Section 8 Apartments

The NHP Foundation (NHPF) marked the grand reopening of Blue Mountain Apartments in Boston’s Roxbury neighborhood with a ribbon-cutting ceremony late last month. The Blue Mountain Apartments redevelopment features the rehabilitation of 217 Section 8 multifamily units across 19 buildings originally constructed between 1910 and 1930.

“NHPF recognized the urgency of saving these Section 8 homes in this growing neighborhood,” said Mecky Adnani, lead developer for Blue Mountain. “We took action and embarked on an acquisition and long-term preservation initiative to restore the property’s physical and historic integrity and provide newly renovated apartments for existing residents.”

The $112-million refinance that funded the redevelopment included tax-exempt bonds, Low-Income Housing Tax Credits (LIHTC), a Risk Share loan and federal and state historic tax credits.

Connect

Inside The Story

NHPF's Adnani

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
New call-to-action
New call-to-action