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Rockland Trust has provided $11.2 million in financing to construct the Yawkey Housing Resource Center in Quincy, MA

Rockland Trust Provides $11M to Start Yawkey Housing Resource Center in Quincy

Rockland Trust has provided $11.2 million in financing to Father Bill’s & MainSpring to construct the Yawkey Housing Resource Center in Quincy, MA. The two-building development will be home to a transformative new service-delivery model that adds daytime supports and streamlines services to help end homelessness.

The property will include an innovative day center, an emergency shelter and 30 on-site efficiency apartments that are 100% affordable.

Phase one of the project entails the construction of a two-story 16,000-square-foot Housing Resource Center building which, in addition to 75 shelter beds, will provide healthcare, meal services, young adult services, education services, veteran services and substance abuse treatment. Phase two of the project will be the construction of the apartment units for individuals transitioning out of HRC.

Rockland Trust will be purchasing the federal and state tax credits associated with the project through a fund managed by Massachusetts Housing Investment Corporation.

The City of Quincy acquired the land and furnished a 99-year land lease. The multi-use facility is directly across from the existing Father Bill’s Place; once the project is complete, the existing location will be demolished to make way for a new police station, administrative offices for the fire department and headquarters for emergency operations.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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  • ◦Financing
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